Macquarie Begins Coverage on Xiaomi (OTCMKTS:XIACF)

Macquarie started coverage on shares of Xiaomi (OTCMKTS:XIACF) in a research report sent to investors on Monday morning, StockNewsAPI reports. The firm issued an outperform rating on the stock.

Xiaomi Stock Performance

XIACF stock opened at $2.06 on Monday. The company’s 50 day moving average price is $1.84 and its 200 day moving average price is $1.84. Xiaomi has a fifty-two week low of $1.26 and a fifty-two week high of $2.35.

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.