Xiaomi (OTCMKTS:XIACF – Get Free Report) is expected to be issuing its results after the market closes on Tuesday, August 18th. Analysts expect the company to post earnings of $0.0329 per share and revenue of $16.3688 billion for the quarter.
Xiaomi Trading Up 2.8%
Shares of XIACF stock opened at $3.54 on Tuesday. The firm has a fifty day moving average price of $3.33 and a 200 day moving average price of $3.91. Xiaomi has a 12 month low of $2.52 and a 12 month high of $7.86.
Analyst Ratings Changes
Separately, Jefferies Financial Group downgraded Xiaomi from a “hold” rating to an “underperform” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Xiaomi has a consensus rating of “Sell”.
About Xiaomi
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.
Further Reading
- Five stocks we like better than Xiaomi
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for Xiaomi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xiaomi and related companies with MarketBeat.com's FREE daily email newsletter.
