Xiaomi (OTCMKTS:XIACF – Get Free Report) was downgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued to investors on Wednesday.
Xiaomi Trading Up 0.7%
OTCMKTS XIACF opened at $3.85 on Wednesday. The stock has a 50-day simple moving average of $4.06 and a 200 day simple moving average of $4.60. Xiaomi has a 12 month low of $3.42 and a 12 month high of $9.00.
Xiaomi Company Profile
Xiaomi Corporation, founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.
In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi.
Featured Articles
- Five stocks we like better than Xiaomi
- Modine’s $4B AI Coup Freezes Out the Competition
- What Investors Need to Know About TSMC’s Hefty 17% Dividend Increase
- The SpaceX IPO Frenzy Is Creating 2 Very Different Bets
- AI Can’t Reach the Real World Without These 3 Stocks
Receive News & Ratings for Xiaomi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xiaomi and related companies with MarketBeat.com's FREE daily email newsletter.
