Xiaomi (OTCMKTS:XIACF) Raised to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Xiaomi (OTCMKTS:XIACF) from a neutral rating to an overweight rating in a research report sent to investors on Friday, Briefing.com reports.

Xiaomi Trading Down 2.0 %

Shares of Xiaomi stock opened at $2.06 on Friday. The company’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $1.50. Xiaomi has a 1-year low of $1.18 and a 1-year high of $2.11.

About Xiaomi

Xiaomi Corporation, an investment holding company, provides hardware and software services in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products.