Viomi Technology’s (NASDAQ:VIOT) lock-up period will expire on Monday, March 25th. Viomi Technology had issued 11,400,000 shares in its public offering on September 25th. The total size of the offering was $102,600,000 based on an initial share price of $9.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Separately, ValuEngine upgraded shares of Viomi Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th.

VIOT stock opened at $10.18 on Monday. Viomi Technology has a 52 week low of $7.24 and a 52 week high of $12.29.

Several hedge funds have recently added to or reduced their stakes in VIOT. JPMorgan Chase & Co. bought a new stake in shares of Viomi Technology during the 3rd quarter worth about $675,000. CI Investments Inc. bought a new stake in shares of Viomi Technology during the 3rd quarter worth about $6,750,000. FIL Ltd bought a new stake in shares of Viomi Technology during the 3rd quarter worth about $4,950,000. Dean Capital Investments Management LLC bought a new stake in shares of Viomi Technology during the 3rd quarter worth about $595,000. Finally, Pictet Asset Management Ltd. bought a new stake in shares of Viomi Technology during the 3rd quarter worth about $9,000,000. Institutional investors own 12.04% of the company’s stock.

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About Viomi Technology

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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