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

Xiaomi (OTCMKTS:XIACF) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Xiaomi Trading Down 1.1%

XIACF stock traded down $0.06 on Wednesday, hitting $5.24. The company had a trading volume of 5,907 shares, compared to its average volume of 117,108. Xiaomi has a 12-month low of $3.81 and a 12-month high of $9.00. The stock’s 50-day simple moving average is $5.63 and its 200 day simple moving average is $6.56.

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.