Wall Street Zen upgraded shares of Viomi Technology (NASDAQ:VIOT – Free Report) to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings lowered Viomi Technology from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.
View Our Latest Stock Analysis on VIOT
Viomi Technology Stock Up 2.8%
VIOT stock opened at $1.46 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.36 and a current ratio of 2.53. The business has a 50 day simple moving average of $1.22 and a 200-day simple moving average of $1.02. Viomi Technology has a 1 year low of $0.66 and a 1 year high of $3.61.
Viomi Technology (NASDAQ:VIOT – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.03) EPS for the quarter. The company had revenue of $54.46 million during the quarter. Sell-side analysts anticipate that Viomi Technology will post -0.09 EPS for the current year.
Hedge Funds Weigh In On Viomi Technology
A number of institutional investors have recently bought and sold shares of VIOT. Ramsey Quantitative Systems acquired a new position in Viomi Technology in the 2nd quarter valued at about $258,000. Bank of America Corp DE purchased a new stake in shares of Viomi Technology in the 1st quarter valued at approximately $34,000. Finally, Renaissance Technologies LLC grew its stake in shares of Viomi Technology by 110.7% in the 1st quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock valued at $781,000 after buying an additional 369,616 shares during the period. 1.22% of the stock is owned by hedge funds and other institutional investors.
About Viomi Technology
Viomi Technology Co, Ltd. is a China-based technology company that develops and sells smart home appliances and internet-connected household products. Its product portfolio has included refrigerators, washing machines, kitchen appliances, water purifiers, range hoods, water heaters, air conditioners and other home-comfort products. Many of its products are designed to connect through smart-home software and mobile applications, allowing users to monitor and control appliances remotely.
Founded in 2014 and headquartered in Foshan, Guangdong, Viomi initially grew through its relationship with Xiaomi, supplying smart household appliances for Xiaomi’s ecosystem.
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