Xiaomi Corporation (OTCMKTS:XIACY – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $15.10, but opened at $16.36. Xiaomi shares last traded at $16.64, with a volume of 71,393 shares.
Analyst Upgrades and Downgrades
A number of research firms recently commented on XIACY. China Renaissance raised shares of Xiaomi to a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group upgraded shares of Xiaomi from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
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Xiaomi Stock Performance
About Xiaomi
Xiaomi Corporation is a China-based technology company founded in 2010 and headquartered in Beijing. The company develops and sells consumer electronics and connected products, with smartphones serving as its core business. Its smartphone lineup includes the Xiaomi, Redmi and POCO brands, which serve customers across a range of price categories.
Beyond smartphones, Xiaomi offers tablets, laptops, wearable devices, smart home appliances, televisions, routers and other Internet of Things products.
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