Zepp Health (NYSE:ZEPP) Shares Down 6.9% – Should You Sell?

Zepp Health Corporation Sponsored ADR (NYSE:ZEPP)’s share price fell 6.9% on Thursday . The company traded as low as $44.22 and last traded at $45.50. 112,408 shares traded hands during trading, a decline of 61% from the average session volume of 284,972 shares. The stock had previously closed at $48.88.

Analysts Set New Price Targets

A number of brokerages have weighed in on ZEPP. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zepp Health in a report on Friday. Fundamental Research set a $60.23 price target on Zepp Health and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded Zepp Health to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Zepp Health presently has a consensus rating of “Hold” and an average target price of $60.23.

Zepp Health Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 1.10. The company has a 50 day moving average price of $47.75 and a 200 day moving average price of $21.08. The company has a market capitalization of $596.68 million, a price-to-earnings ratio of -8.52 and a beta of 1.32.

Institutional Trading of Zepp Health

A hedge fund recently bought a new stake in Zepp Health stock. Ariose Capital Management Ltd bought a new stake in Zepp Health Corporation Sponsored ADR (NYSE:ZEPP) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 27,717 shares of the company’s stock, valued at approximately $1,269,000. Zepp Health accounts for 0.4% of Ariose Capital Management Ltd’s holdings, making the stock its 27th largest holding. Ariose Capital Management Ltd owned 0.19% of Zepp Health at the end of the most recent reporting period. Institutional investors own 52.61% of the company’s stock.

Zepp Health Company Profile

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.