Xiaomi Corporation (OTCMKTS:XIACY – Get Free Report) shares rose 4.1% during mid-day trading on Wednesday. The company traded as high as $16.63 and last traded at $16.5715. Approximately 51,262 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 373,051 shares. The stock had previously closed at $15.92.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Jefferies Financial Group upgraded Xiaomi from a “moderate sell” rating to a “hold” rating in a report on Wednesday, September 2nd. China Renaissance raised Xiaomi to a “hold” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Xiaomi currently has an average rating of “Hold”.
Get Our Latest Analysis on XIACY
Xiaomi Stock 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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