Xerox Corporation (NYSE:XRX) Going to Face Class Action Lawsuit- xG Technology (NASDAQ:XGTI)

Xerox Corporation (NYSE:XRX)  [ Trend Analysis ], stock moved down around -0.21% in early session as its gaining volume of 25.8 Million. Khang&Khang LLP released that a class action lawsuit against Xerox Corporation (XRX). Investors who purchased or otherwise acquired shares between April 23, 2012 and October 23, 2015 inclusive, are encouraged to contact the Firm in advance of the December 23, 2016 lead plaintiff motion deadline.

The complaint alleges that during the Class Period, Xerox repeatedly touted its new software product, Health Enterprise, as an important growth area for the Company, which would operate at low cost and high profit margin. The Company’s statements pertaining to the profitability and growth prospects of the Health Enterprise business were materially false and misleading because Xerox failed to disclose: that the Company’s existing Health Enterprise projects were experiencing major delays and cost overruns; that Xerox would be unable to deliver Health Enterprise implementations at sustainable profits; and that as a result of the above, the Company’s statements about its business, operations, and prospects lacked a reasonable basis.

The stock showed weekly upbeat performance of -1.69%, which maintained for the month at 1.42%. Similarly, the positive performance for the quarter recorded as -5.13% and for the year was -5.72%, while the YTD performance remained at -10.40%. XRX has Average True Range for 14 days of 0.19.

xG Technology, Inc. (NASDAQ:XGTI)  [ Trend Analysis ] pretends to be active mover, stock shows upbeat performance surged around 13.44% to traded at $0.38.

The liquidity measure in recent quarter results of the company was recorded 1.00 as current ratio, on the other side the debt to equity ratio was 0.20, and long-term debt to equity ratio remained 0.20. The Company has gross margin of 52.60%. (Read Latest [ Free Analytic ] Facts on NASDAQ:XGTI and Be Updated)

To accommodate long-term intention, experts calculate Return on Investment of -150.50%.

For more information, please visit the source link below.

Source: www.senecaglobe.com www.senecaglobe.com

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