Viomi Technology Co Ltd – (NASDAQ:VIOT) Given Average Rating of “Buy” by Analysts

Viomi Technology Co Ltd – (NASDAQ:VIOT) has earned an average broker rating score of 1.75 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a buy rating.

Brokers have set a one year consensus target price of $11.45 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Viomi Technology an industry rank of 145 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Viomi Technology from a “hold” rating to a “sell” rating in a research report on Saturday, July 13th.

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new stake in Viomi Technology in the second quarter valued at about $374,000. Citadel Advisors LLC acquired a new stake in Viomi Technology in the second quarter valued at about $139,000. Morgan Stanley increased its holdings in Viomi Technology by 56.3% in the second quarter. Morgan Stanley now owns 1,505,483 shares of the company’s stock valued at $12,210,000 after buying an additional 542,166 shares in the last quarter. Bank of America Corp DE purchased a new position in Viomi Technology in the second quarter valued at about $4,055,000. Finally, Invesco Ltd. purchased a new position in Viomi Technology in the second quarter valued at about $104,000. 12.01% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:VIOT traded up $0.08 during trading on Thursday, reaching $8.57. 30,000 shares of the stock were exchanged, compared to its average volume of 127,348. Viomi Technology has a 1-year low of $7.24 and a 1-year high of $15.84. The stock has a fifty day moving average price of $8.88. The stock has a market capitalization of $580.48 million and a price-to-earnings ratio of 30.61.

Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Thursday, May 23rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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. The company’s revenue for the quarter was up 104.4% compared to the same quarter last year. On average, equities research analysts predict that Viomi Technology will post 0.84 EPS 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.

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