Huami (NYSE:HMI) posted its quarterly earnings results on Monday. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.52), Morningstar.com reports. The firm had revenue of $151.31 million for the quarter. Huami had a net margin of 10.35% and a return on equity of 23.00%. Huami updated its Q3 2019 guidance to EPS.
Shares of HMI traded up $0.27 during mid-day trading on Tuesday, reaching $10.80. The company had a trading volume of 1,090 shares, compared to its average volume of 321,205. Huami has a 52-week low of $7.27 and a 52-week high of $19.66. The stock has a market capitalization of $669.82 million, a P/E ratio of 12.25 and a beta of 2.59. The stock has a 50 day moving average of $10.57 and a two-hundred day moving average of $11.79.
HMI has been the topic of several research analyst reports. ValuEngine upgraded Huami from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. TheStreet upgraded Huami from a “d+” rating to a “c-” rating in a research note on Wednesday, June 26th.
Huami Company Profile
Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.
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