Xiaomi (OTCMKTS:XIACF – Get Free Report) was downgraded by Jefferies Financial Group from a “hold” rating to an “underperform” rating in a report released on Wednesday.
Xiaomi Stock Up 0.7%
OTCMKTS XIACF opened at $3.85 on Wednesday. Xiaomi has a one year low of $3.42 and a one year high of $9.00. The stock’s 50-day moving average is $4.06 and its 200-day moving average is $4.60.
Xiaomi Company Profile
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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