Pitney Bowes Inc (NYSE:PBI) Shares Reached An Intraday High Of $23.64


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

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.