Viomi Technology (NASDAQ:VIOT) Stock Rating Upgraded by Wall Street Zen

Viomi Technology (NASDAQ:VIOT) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Viomi Technology from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Viomi Technology has a consensus rating of “Sell”.

Viomi Technology Price Performance

Shares of NASDAQ VIOT opened at $1.42 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.53 and a quick ratio of 2.36. The company’s fifty day simple moving average is $1.20 and its 200 day simple moving average is $1.01. Viomi Technology has a 12-month low of $0.66 and a 12-month high of $3.61.

Viomi Technology (NASDAQ:VIOT) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $54.46 million for the quarter. On average, equities analysts predict that Viomi Technology will post -0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Viomi Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in Viomi Technology in the 1st quarter valued at about $34,000. Ramsey Quantitative Systems bought a new stake in Viomi Technology during the 2nd quarter worth approximately $258,000. Finally, Renaissance Technologies LLC raised its stake in shares of Viomi Technology by 110.7% in the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock worth $781,000 after purchasing an additional 369,616 shares during the last quarter. 1.22% of the stock is owned by institutional investors.

Viomi Technology Company Profile

Viomi Technology Co, Ltd. is a China-based technology company that develops and sells smart home appliances and internet-connected household products. Its product portfolio has included refrigerators, washing machines, kitchen appliances, water purifiers, range hoods, water heaters, air conditioners and other home-comfort products. Many of its products are designed to connect through smart-home software and mobile applications, allowing users to monitor and control appliances remotely.

Founded in 2014 and headquartered in Foshan, Guangdong, Viomi initially grew through its relationship with Xiaomi, supplying smart household appliances for Xiaomi’s ecosystem.