Xiaomi (OTCMKTS:XIACF – Get Free Report) is expected to announce its results before the market opens on Tuesday, March 24th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $17.8358 billion for the quarter.
Xiaomi Price Performance
Shares of OTCMKTS XIACF opened at $4.51 on Tuesday. The business’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $5.50. Xiaomi has a 52 week low of $3.93 and a 52 week high of $9.00.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group cut Xiaomi from a “buy” rating to a “hold” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Xiaomi Company Profile
Xiaomi Corporation, founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.
In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi.
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