Viomi Technology (NASDAQ:VIOT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Viomi Technology (NASDAQ:VIOT) from a buy rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Viomi Technology in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Viomi Technology Stock Down 3.7%

Shares of VIOT opened at $1.03 on Friday. The stock’s 50-day moving average price is $1.35 and its two-hundred day moving average price is $2.16. Viomi Technology has a 12 month low of $1.03 and a 12 month high of $4.33. The company has a market capitalization of $69.98 million, a PE ratio of -4.90 and a beta of 0.32. The company has a current ratio of 2.60, a quick ratio of 2.43 and a debt-to-equity ratio of 0.03.

Viomi Technology Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, April 6th will be issued a $0.066 dividend. The ex-dividend date is Monday, April 6th.

Institutional Trading of Viomi Technology

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of Viomi Technology in the 2nd quarter worth about $410,000. Barclays PLC boosted its position in shares of Viomi Technology by 38.7% during the 4th quarter. Barclays PLC now owns 253,980 shares of the company’s stock valued at $467,000 after purchasing an additional 70,810 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Viomi Technology during the third quarter worth approximately $525,000. Oasis Management Co Ltd. acquired a new stake in Viomi Technology during the third quarter worth approximately $334,000. Finally, Dimensional Fund Advisors LP increased its holdings in Viomi Technology by 112.2% in the fourth 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. 1.22% of the stock is currently owned by institutional investors and hedge funds.

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.