Needham & Company LLC assumed coverage on shares of Viomi Technology (NASDAQ:VIOT) in a research report released on Wednesday, TipRanks reports. The brokerage issued a buy rating and a $13.00 price target on the stock.
Separately, Zacks Investment Research lowered Viomi Technology from a hold rating to a sell rating in a report on Saturday, July 13th.
Shares of VIOT opened at $8.82 on Wednesday. Viomi Technology has a twelve month low of $7.24 and a twelve month high of $15.84. The stock’s 50 day moving average is $8.99 and its two-hundred day moving average is $9.89. The firm has a market capitalization of $610.94 million and a PE ratio of 31.50.
Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in Viomi Technology in the 2nd quarter valued at approximately $33,000. Hershey Trust Co. acquired a new stake in shares of Viomi Technology during the 2nd quarter valued at approximately $76,000. Invesco Ltd. acquired a new stake in shares of Viomi Technology during the 2nd quarter valued at approximately $104,000. Citadel Advisors LLC acquired a new stake in shares of Viomi Technology during the 2nd quarter valued at approximately $139,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Viomi Technology during the 1st quarter valued at approximately $152,000. 12.07% of the stock is currently owned by institutional investors.
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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