Shares of Wipro Limited (NYSE:WIT) traded today at $8.59, eclipsing its 52-week high. This new high was reached on below average trading volume as 576,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
Based on a current price of $8.59, Wipro Limited is currently 12.8% above its average consensus analyst price target of $7.49.
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.
Wipro Limited share prices have moved between a 52-week high of $8.59 and a 52-week low of $3.86 and are now trading 123% above that low price at $8.59 per share.
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