Xiaomi (OTCMKTS:XIACF – Get Free Report) will likely be posting 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 OTCMKTS:XIACF 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 1-year low of $2.52 and a 1-year high of $7.86.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group downgraded shares of Xiaomi from a “hold” rating to an “underperform” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
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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