Viomi Technology (NASDAQ:VIOT) Stock Rating Upgraded by Wall Street Zen

Viomi Technology (NASDAQ:VIOT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

Viomi Technology Price Performance

Shares of VIOT stock opened at $3.34 on Monday. Viomi Technology has a fifty-two week low of $1.21 and a fifty-two week high of $4.33. The stock’s 50-day moving average is $3.45 and its two-hundred day moving average is $2.33. The firm has a market cap of $227.85 million, a P/E ratio of 55.67 and a beta of 0.20.

Institutional Trading of Viomi Technology

An institutional investor recently bought a new position in Viomi Technology stock. JPMorgan Chase & Co. bought a new position in shares of Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 303,531 shares of the company’s stock, valued at approximately $410,000. JPMorgan Chase & Co. owned 0.44% of Viomi Technology at the end of the most recent reporting period. Institutional investors own 1.22% of the company’s stock.

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 air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.