Shares of Wipro Limited (NYSE:WIT) traded today at $7.97, eclipsing its 52-week high. Approximately 523,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.
In the past 52 weeks, Wipro Limited share prices are bracketed by a low of $2.96 and a high of $7.97 and is now at $7.94, 168% above that low price.
Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.
Based on a current price of $7.94, Wipro Limited is currently 3.1% above its average consensus analyst price target of $7.70.
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