WiMi Hologram Cloud gains on U.S. nod for AR device

WiMi Hologram Cloud

20/01/2022 13:41

** U.S.-listed shares of Chinese augmented reality firm
 WIMI.O  rise 5.3% to $3.16 premarket 
    ** WIMI says its augmented reality (AR) head-mounted display
product, WIMI HoloAR Lens, has been approved by the Federal
Communications Commission to enter the U.S. market  urn:newsml:reuters.com:*:nPn9FpbL3a
    ** The WIMI HoloAR Lens can be expanded and connected to
PCs, drones, Android and iOS smart phones
    ** About 1 mln shares of the Beijing-based co have traded so
far, 69.2% of their 30-DMA volume
    ** The single analyst covering the stock rate it "buy" with
a PT of $7 - Refinitiv data
    ** As of last close, stock down 1.3% YTD

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))