Viomi Technology (NASDAQ:VIOT) Rating Increased to Hold at ValuEngine

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ValuEngine upgraded shares of Viomi Technology (NASDAQ:VIOT) from a sell rating to a hold rating in a report published on Monday morning, ValuEngine reports.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised Viomi Technology from a sell rating to a hold rating in a research report on Tuesday, November 26th. Needham & Company LLC assumed coverage on Viomi Technology in a report on Wednesday, August 21st. They set a buy rating and a $13.00 target price on the stock.

Shares of NASDAQ:VIOT traded down $0.01 during trading on Monday, hitting $8.60. 220 shares of the company were exchanged, compared to its average volume of 75,184. The stock has a market cap of $596.42 million, a price-to-earnings ratio of 31.50 and a beta of 1.59. Viomi Technology has a fifty-two week low of $7.24 and a fifty-two week high of $15.84. The firm has a fifty day moving average price of $8.98 and a two-hundred day moving average price of $8.66. The company has a current ratio of 1.97, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01.

Viomi Technology (NASDAQ:VIOT) last posted its quarterly earnings results on Wednesday, November 20th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The company had revenue of $149.63 million for the quarter. Viomi Technology had a return on equity of 22.35% and a net margin of 6.66%. As a group, research analysts predict that Viomi Technology will post 0.7 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in shares of Viomi Technology during the 2nd quarter worth approximately $33,000. Hershey Trust Co. acquired a new position in shares of Viomi Technology during the 2nd quarter worth approximately $76,000. Invesco Ltd. acquired a new position in shares of Viomi Technology during the 2nd quarter worth approximately $104,000. Citadel Advisors LLC acquired a new position in shares of Viomi Technology during the 2nd quarter worth approximately $139,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Viomi Technology during the 2nd quarter worth approximately $374,000. 17.67% of the stock is currently owned by institutional investors and hedge funds.

Viomi Technology Company Profile

Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising smart water kettles, washing machines, water heaters, and others.

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