Huami (HMI) Lowered to “Hold” at ValuEngine

Huami (NYSE:HMI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Shares of HMI traded down $1.01 during mid-day trading on Thursday, reaching $8.16. The company’s stock had a trading volume of 699,268 shares, compared to its average volume of 723,454. The firm has a market capitalization of $558.68 million, a P/E ratio of 12.21 and a beta of 1.81. Huami has a 1 year low of $8.62 and a 1 year high of $19.66.

Huami (NYSE:HMI) last released its earnings results on Thursday, March 14th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.23. The company had revenue of $178.11 million during the quarter. Huami had a return on equity of 20.91% and a net margin of 9.24%.

Large investors have recently made changes to their positions in the stock. Zevenbergen Capital Investments LLC purchased a new stake in shares of Huami during the first quarter worth $180,000. GSA Capital Partners LLP raised its holdings in shares of Huami by 12.2% during the fourth quarter. GSA Capital Partners LLP now owns 19,300 shares of the company’s stock worth $190,000 after acquiring an additional 2,100 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Huami during the first quarter worth $228,000. Marshall Wace LLP raised its holdings in shares of Huami by 3,764.9% during the first quarter. Marshall Wace LLP now owns 23,576 shares of the company’s stock worth $309,000 after acquiring an additional 22,966 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Huami during the first quarter worth $379,000. Institutional investors and hedge funds own 18.46% of the company’s stock.

Huami Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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