Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have earned a consensus broker rating score of 1.75 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy rating.
Brokerages have set a one year consensus price target of $12.70 for the company and are expecting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given Viomi Technology an industry rank of 81 out of 255 based on the ratings given to its competitors.
VIOT has been the topic of a number of recent analyst reports. ValuEngine downgraded Viomi Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised shares of Viomi Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Needham & Company LLC assumed coverage on shares of Viomi Technology in a research note on Wednesday, August 21st. They issued a “buy” rating and a $13.00 price target for the company.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new position in Viomi Technology in the second quarter valued at about $33,000. Hershey Trust Co. purchased a new stake in shares of Viomi Technology in the second quarter valued at about $76,000. Invesco Ltd. purchased a new stake in shares of Viomi Technology in the second quarter valued at about $104,000. Citadel Advisors LLC acquired a new stake in shares of Viomi Technology in the second quarter valued at approximately $139,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Viomi Technology in the second quarter valued at approximately $374,000. 17.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Viomi Technology stock remained flat at $$8.48 on Friday. 118,274 shares of the stock were exchanged, compared to its average volume of 71,827. The company has a quick ratio of 1.61, a current ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a market cap of $587.38 million, a PE ratio of 30.29 and a beta of 1.59. The firm’s 50-day moving average price is $8.96 and its 200 day moving average price is $8.67. Viomi Technology has a 52-week low of $7.24 and a 52-week high of $15.84.
Viomi Technology (NASDAQ:VIOT) last posted its earnings results on Wednesday, November 20th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Viomi Technology had a net margin of 6.66% and a return on equity of 22.35%. The firm had revenue of $149.63 million for the quarter. As a group, equities research analysts anticipate that Viomi Technology will post 0.7 earnings per share for the current year.
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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