Viomi Technology (NASDAQ:VIOT) Announces Earnings Results

Viomi Technology (NASDAQ:VIOT) announced its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04), FiscalAI reports. The business had revenue of $54.46 million for the quarter, compared to analysts’ expectations of $128.30 million.

Viomi Technology Price Performance

NASDAQ VIOT opened at $0.81 on Thursday. Viomi Technology has a fifty-two week low of $0.66 and a fifty-two week high of $3.75. The business has a fifty day moving average price of $0.78 and a two-hundred day moving average price of $1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.43 and a current ratio of 2.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Viomi Technology in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VIOT. JPMorgan Chase & Co. acquired a new stake in shares of Viomi Technology in the 2nd quarter valued at approximately $410,000. Two Sigma Investments LP bought a new stake in shares of Viomi Technology during the 3rd quarter valued at approximately $525,000. Barclays PLC increased its position in Viomi Technology by 38.7% during the 4th quarter. Barclays PLC now owns 253,980 shares of the company’s stock worth $467,000 after purchasing an additional 70,810 shares in the last quarter. Verdad Advisers LP acquired a new position in Viomi Technology during the 4th quarter worth approximately $97,000. Finally, Dimensional Fund Advisors LP increased its position in Viomi Technology by 112.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 65,057 shares of the company’s stock worth $120,000 after purchasing an additional 34,404 shares in the last quarter. Institutional investors own 1.22% of the company’s stock.

About Viomi Technology

Viomi Technology Co, Ltd. (NASDAQ: VIOT) is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.

At the core of Viomi’s offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.