Shares of Huami Corp (NYSE:HMI) dropped 10.8% during trading on Wednesday . The stock traded as low as $11.02 and last traded at $11.04. Approximately 1,111,549 shares traded hands during trading, an increase of 367% from the average daily volume of 237,992 shares. The stock had previously closed at $12.38.
The stock has a market cap of $735.79 million, a P/E ratio of 16.08 and a beta of 2.24.
Huami (NYSE:HMI) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.23. Huami had a net margin of 9.24% and a return on equity of 20.91%. The company had revenue of $178.11 million for the quarter.
About Huami (NYSE:HMI)
Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.
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