Xiaomi Corporation (OTCMKTS:XIACY – Get Free Report) gapped up prior to trading 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 changing hands.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Xiaomi from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. China Renaissance raised shares of Xiaomi to a “hold” rating in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Xiaomi presently has an average rating of “Hold”.
Check Out Our Latest Research Report on XIACY
Xiaomi Price Performance
Xiaomi Company Profile
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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