Viomi Technology (NASDAQ:VIOT) Downgraded to Sell at ValuEngine

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Viomi Technology (NASDAQ:VIOT) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday, November 11th, ValuEngine reports.

Several other equities analysts have also recently issued reports on the company. Needham & Company LLC initiated coverage on Viomi Technology in a report on Wednesday, August 21st. They issued a “buy” rating and a $13.00 price objective for the company. Zacks Investment Research raised Viomi Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, October 26th.

VIOT stock traded down $0.07 on Monday, hitting $8.59. 36,558 shares of the company’s stock were exchanged, compared to its average volume of 117,550. Viomi Technology has a 12-month low of $7.24 and a 12-month high of $15.84. The firm has a 50 day moving average price of $8.93 and a two-hundred day moving average price of $8.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.97. The stock has a market cap of $601.26 million, a P/E ratio of 30.68 and a beta of 1.59.

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

Several institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in shares of Viomi Technology in the second quarter valued at approximately $33,000. Hershey Trust Co. purchased a new position in Viomi Technology in the second quarter worth approximately $76,000. Invesco Ltd. purchased a new position in Viomi Technology in the second quarter worth approximately $104,000. Citadel Advisors LLC purchased a new position in Viomi Technology in the second quarter worth approximately $139,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Viomi Technology in the second quarter worth approximately $374,000. 17.67% of the stock is 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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