Viomi Technology (NASDAQ:VIOT) Shares Down 1.3% – What’s Next?

by · The Markets Daily

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT – Get Free Report) shares fell 1.3% during mid-day trading on Monday. The stock traded as low as $1.47 and last traded at $1.53. Approximately 20,752 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 57,108 shares. The stock had previously closed at $1.55.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Viomi Technology to a “sell” rating in a research report on Saturday, October 17th. Weiss Ratings downgraded shares of Viomi Technology from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Viomi Technology

Viomi Technology Trading Down 2.0%

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.53 and a quick ratio of 2.36. The firm has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.12.

Viomi Technology (NASDAQ:VIOT – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $54.46 million during the quarter. Research analysts anticipate that Viomi Technology Co., Ltd. Sponsored ADR will post -0.09 earnings per share for the current year.

Hedge Funds Weigh In On Viomi Technology

A number of large investors have recently added to or reduced their stakes in VIOT. Bank of America Corp DE acquired a new stake in shares of Viomi Technology in the first quarter valued at about $34,000. Ramsey Quantitative Systems purchased a new stake in shares of Viomi Technology during the second quarter worth about $258,000. Finally, Renaissance Technologies LLC increased its stake in shares of Viomi Technology by 110.7% during the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock worth $781,000 after purchasing an additional 369,616 shares in the last quarter. 1.22% of the stock is currently owned by institutional investors and hedge funds.

About Viomi Technology

(Get Free Report)

Viomi Technology Co., Ltd. is a China-based technology company that develops and sells Internet of Things (IoT)-enabled home appliances and smart-home products. Its offerings have included refrigerators, washing machines, kitchen appliances, water purifiers, range hoods, water heaters, air conditioners, and other connected household devices. The company has built an integrated smart-home ecosystem that connects appliances through software, mobile applications, and cloud-based services. Viomi also provides related smart-home products, including smart lighting, sensors, and other devices designed to support home automation and centralized control.

Recommended Stories