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.
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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