Viomi Technology (NASDAQ:VIOT) Posts Earnings Results, Beats Expectations By $0.01 EPS

Viomi Technology (NASDAQ:VIOT) announced its quarterly earnings data on Wednesday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01, Morningstar.com reports. The company had revenue of $169.00 million for the quarter. Viomi Technology updated its Q3 2019 guidance to EPS.

NASDAQ VIOT traded down $0.57 on Thursday, reaching $8.66. 3,433 shares of the company’s stock traded hands, compared to its average volume of 58,280. The firm has a market cap of $631.02 million and a price-to-earnings ratio of 31.04. The stock has a 50 day moving average price of $9.00 and a 200-day moving average price of $9.88. Viomi Technology has a fifty-two week low of $7.24 and a fifty-two week high of $15.84.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in Viomi Technology during the second quarter valued at $33,000. Hershey Trust Co. acquired a new position in Viomi Technology during the second quarter valued at $76,000. Invesco Ltd. acquired a new position in Viomi Technology during the second quarter valued at $104,000. Citadel Advisors LLC acquired a new position in Viomi Technology during the second quarter valued at $139,000. Finally, Prospera Financial Services Inc acquired a new position in Viomi Technology during the first quarter valued at $152,000. Institutional investors own 12.07% of the company’s stock.

About Viomi Technology

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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