Pitney Bowes Inc. (NYSE:PBI) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.80 and last traded at $10.98, with a volume of 3086405 shares. The stock had previously closed at $11.25.

Several research firms recently issued reports on PBI. Zacks Investment Research downgraded shares of Pitney Bowes from a “hold” rating to a “strong sell” rating in a research note on Monday. Loop Capital dropped their price target on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, November 2nd. ValuEngine raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Cross Research downgraded shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.50.

The company has a market cap of $1,990.52, a PE ratio of 6.88 and a beta of 1.25. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.42 and a quick ratio of 1.37.

Pitney Bowes (NYSE:PBI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.10). The company had revenue of $842.82 million during the quarter, compared to the consensus estimate of $837.60 million. Pitney Bowes had a negative return on equity of 5,297.85% and a net margin of 2.64%. Pitney Bowes’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. research analysts predict that Pitney Bowes Inc. will post 1.38 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Nova Scotia bought a new stake in shares of Pitney Bowes in the 1st quarter worth about $216,000. HPM Partners LLC bought a new stake in shares of Pitney Bowes in the 2nd quarter worth about $429,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Pitney Bowes by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock worth $106,000 after purchasing an additional 748 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Pitney Bowes in the 2nd quarter worth about $108,000. Finally, IFP Advisors Inc increased its position in shares of Pitney Bowes by 74.4% in the 2nd quarter. IFP Advisors Inc now owns 11,236 shares of the technology company’s stock worth $170,000 after purchasing an additional 4,793 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

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About Pitney Bowes

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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