Xiaomi (OTCMKTS:XIACF) Downgraded to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Xiaomi (OTCMKTS:XIACF) from a buy rating to a hold rating in a report published on Wednesday, MarketBeat Ratings reports.

Xiaomi Stock Performance

Shares of XIACF opened at $5.22 on Wednesday. Xiaomi has a 12 month low of $3.81 and a 12 month high of $9.00. The stock’s 50-day moving average is $5.60 and its two-hundred day moving average is $6.55.

Xiaomi Company Profile

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.