JPMorgan Chase & Co. cut shares of Xiaomi (OTCMKTS:XIACF) from an overweight rating to a neutral rating in a research report report published on Monday, The Fly reports.

Shares of XIACF opened at $1.32 on Monday. Xiaomi has a 1 year low of $1.30 and a 1 year high of $3.50.

Xiaomi Company Profile

Xiaomi Corporation operates as an Internet company with smartphones and smart hardware connected by Internet of Things in Mainland China and internationally. The company offers a range of hardware products, such as smartphones, laptops, smart TVs, AI speakers, and smart routers; power banks, headphones, air purifiers, fitness bands, robot vacuum cleaners, scooters/self-balancing scooters, water purifiers, induction heating rice cookers, home security cameras, and laser projectors; and lifestyle products comprising housewares and personal accessories.

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The Fly

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