Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have been assigned an average broker rating score of 1.75 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.
Brokers have set a 1-year consensus target price of $11.45 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Viomi Technology an industry rank of 111 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded Zai Lab from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th.
Shares of Viomi Technology stock opened at $8.99 on Monday. The stock’s 50-day simple moving average is $8.61. Viomi Technology has a 1-year low of $7.24 and a 1-year high of $15.84.
Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Thursday, May 23rd. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $676.20 million during the quarter, compared to the consensus estimate of $682.00 million. Viomi Technology’s quarterly revenue was up 104.4% compared to the same quarter last year. Sell-side analysts predict that Viomi Technology will post 0.84 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.
Featured Article: Holder of Record
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.