Jefferies Financial Group lowered shares of Xiaomi (OTCMKTS:XIACF – Free Report) from a buy rating to a hold rating in a research note published on Wednesday, MarketBeat reports.
Xiaomi Price Performance
Shares of OTCMKTS XIACF opened at $5.24 on Wednesday. The stock has a 50 day moving average price of $5.54 and a 200 day moving average price of $6.53. Xiaomi has a 52 week low of $3.81 and a 52 week high of $9.00.
About Xiaomi
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.
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