Xiaomi (OTCMKTS:XIACF) Downgraded to “Underweight” at Morgan Stanley

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Xiaomi (OTCMKTS:XIACF) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Monday, The Fly reports.

XIACF opened at $1.14 on Monday. Xiaomi has a fifty-two week low of $1.07 and a fifty-two week high of $1.92. The firm’s fifty day moving average is $1.12 and its 200 day moving average is $1.17.

Xiaomi Company Profile

Xiaomi Corporation operates as an Internet company with smartphones and smart hardware connected by Internet of Things in Mainland China and internationally. The company offers a range of hardware products, such as smartphones, laptops, smart TVs, AI speakers, and smart routers; power banks, headphones, air purifiers, fitness bands, robot vacuum cleaners, scooters/self-balancing scooters, water purifiers, induction heating rice cookers, home security cameras, and laser projectors; and lifestyle products comprising housewares and personal accessories.

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The Fly

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