Xiaomi (OTCMKTS:XIACY) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Xiaomi (OTCMKTS:XIACY) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

A number of other research firms also recently issued reports on XIACY. China Renaissance downgraded shares of Xiaomi from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Jefferies Financial Group upgraded shares of Xiaomi from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Xiaomi presently has a consensus rating of “Reduce”.

Xiaomi Price Performance

XIACY stock opened at $17.26 on Monday. The business has a 50 day moving average of $16.77. Xiaomi has a one year low of $13.55 and a one year high of $30.41.

Xiaomi Company Profile

Xiaomi Corporation is a China-based technology company founded in 2010 by Lei Jun. The company develops and sells consumer electronics and smart hardware, with smartphones as its best-known product category. Its devices include flagship, mid-range and entry-level smartphones marketed under the Xiaomi, Redmi and POCO brands.

Xiaomi also offers tablets, laptops, smart televisions, wearables, audio products, home appliances and other connected devices. Through its smart-home ecosystem, the company connects products such as cameras, routers, security systems and household appliances through software and internet-based services.