Dallas, Texas 11/21/2013 (Financialstrend) – In Wednesday’s trading session, Pitney Bowes Inc (NYSE:PBI) dropped by 0.81%. The opening price of the shares was $23.40, which climbed to an intraday high of $23.64 and headed to close at $23.21. Around 3.30M shares were exchanged on Wednesday while the average-volume of 4.61 million shares were traded over a 30 day period. The 52-week low of Pitney Bowes Inc (NYSE:PBI) shares is $10.34 while the 52-week high is $24.18. The company has a market capitalization of $4.69 billion.
About the company
Pitney Bowes Inc (NYSE:PBI) was formed incorporated on23rd April 1920. It is an international-provider of software, hardware & services that enable both the physical & digital communications & to integrate these physical & digital communications channels. Pitney Bowes Inc (NYSE:PBI) offers a variety of supplies, equipment, software, services & solutions for managing & integrating physical & digital-communication channels. The company conducts its business-activities via seven reporting-segments within 2 distinct business groups: 1- Small & Medium Business Solutions and 2- Enterprise Business Solutions
Pitney Bowes Inc (NYSE:PBI) maintains field-service organizations that provide servicing for its customers’ equipment. This is generally in the form of annual-maintenance contracts. The company establishes credit-approval limits & procedures of its customer and the kind of product / service provided. This helps the company in controlling risk in extending the credit to customers. In addition to this, Pitney Bowes Inc (NYSE:PBI) uses an automatic-approval program for some of the leases.
It markets its products & services via the sales-force, direct mailings, outbound-telemarketing, independent distributors & the Internet. Pitney Bowes Inc (NYSE:PBI) sells to a range of business, Governmental & institutional as well as other organizations. In 2013 October, Pitney Bowes Inc (NYSE:PBI) sold Pitney Bowes Management Services to the Apollo Global Management, LLC. Pitney Bowes Inc (NYSE:PBI) United States mailing covers the United States & Canadian-revenue and its related expenses