According to Zacks, “Viomi Technology Co., Ltd develops and sells Internet-of-things-enabled home products such as water purifiers, refrigerator, fan, water dispenser, water heaters and washing machines through its subsidiaries. Viomi Technology Co., Ltd is based in Haizhu Dist Guangzhou, China. “
Separately, ValuEngine cut shares of Viomi Technology from a buy rating to a hold rating in a research report on Monday, February 4th.
Viomi Technology (NASDAQ:VIOT) last issued its quarterly earnings results on Monday, March 18th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.15 by $0.75. The business had revenue of $955.70 million for the quarter, compared to analyst estimates of $891.50 million. The company’s revenue for the quarter was up 142.6% on a year-over-year basis. On average, sell-side analysts anticipate that Viomi Technology will post 0.94 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. CI Investments Inc. boosted its stake in Viomi Technology by 0.5% during the 4th quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock worth $5,880,000 after acquiring an additional 3,900 shares during the last quarter. Morgan Stanley boosted its stake in Viomi Technology by 0.7% during the 1st quarter. Morgan Stanley now owns 963,317 shares of the company’s stock worth $10,664,000 after acquiring an additional 6,761 shares during the last quarter. Prospera Financial Services Inc bought a new position in Viomi Technology during the 1st quarter worth approximately $152,000. Hsbc Holdings PLC bought a new position in Viomi Technology during the 1st quarter worth approximately $238,000. Finally, SG Americas Securities LLC bought a new position in Viomi Technology during the 1st quarter worth approximately $647,000. 12.38% of the stock is currently 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.
Recommended Story: What is the Book Value of a Share?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Viomi Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viomi Technology and related companies with MarketBeat.com's FREE daily email newsletter.