Xiaomi (OTCMKTS:XIACY) Shares Up 4.1% – What’s Next?
by Danessa Lincoln · The Markets DailyShares of Xiaomi Corporation (OTCMKTS:XIACY – Get Free Report) rose 4.1% on Wednesday. The stock traded as high as $16.63 and last traded at $16.5715. 51,262 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 373,051 shares. The stock had previously closed at $15.92.
Analysts Set New Price Targets
A number of research analysts recently commented on XIACY shares. China Renaissance raised Xiaomi to a “hold” rating in a report on Wednesday, August 19th. Jefferies Financial Group upgraded Xiaomi from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Xiaomi has an average rating of “Hold”.
Check Out Our Latest Stock Report on XIACY
Xiaomi Price Performance
About Xiaomi
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.