Xiaomi Corporation (OTCMKTS:XIACY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $16.60, but opened at $15.74. Xiaomi shares last traded at $15.57, with a volume of 13,706 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on XIACY. Jefferies Financial Group raised shares of Xiaomi from a “moderate sell” rating to a “hold” rating in a report on Wednesday, September 2nd. China Renaissance raised shares of Xiaomi to a “hold” rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.
Get Our Latest Stock 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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