Shares 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 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 Analysts Forecast Growth
A number of analysts recently commented on XIACY shares. Jefferies Financial Group raised Xiaomi from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 2nd. China Renaissance upgraded 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 data from MarketBeat.com, Xiaomi presently has an average rating of “Hold”.
Read Our Latest Research Report on Xiaomi
Xiaomi Stock 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.
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