According to Zacks, “Viomi Technology Co., Ltd develops and sells Internet-of-things-enabled home products such as water purifiers, refrigerator, fan, water dispenser, water heaters and washing machines through its subsidiaries. Viomi Technology Co., Ltd is based in Haizhu Dist Guangzhou, China. “
Several other research analysts also recently commented on the company. ValuEngine downgraded Viomi Technology from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Needham & Company LLC initiated coverage on Viomi Technology in a research note on Wednesday, August 21st. They issued a “buy” rating and a $13.00 target price for the company.
Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Wednesday, August 21st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Viomi Technology had a return on equity of 11.28% and a net margin of 3.72%. The business had revenue of $169.00 million during the quarter. Equities analysts predict that Viomi Technology will post 0.7 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its stake in Viomi Technology by 56.3% in the 2nd quarter. Morgan Stanley now owns 1,505,483 shares of the company’s stock worth $12,210,000 after purchasing an additional 542,166 shares during the period. Bank of America Corp DE purchased a new stake in shares of Viomi Technology in the 2nd quarter valued at about $4,055,000. SG Americas Securities LLC purchased a new stake in shares of Viomi Technology in the 3rd quarter valued at about $895,000. GAM Holding AG purchased a new stake in shares of Viomi Technology in the 2nd quarter valued at about $418,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Viomi Technology in the 2nd quarter valued at about $374,000. Institutional investors and hedge funds own 16.53% of the company’s stock.
Viomi Technology Company Profile
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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