Viomi Technology (VIOT) Rating Lowered to Hold at Zacks Investment Research
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. “
Separately, ValuEngine downgraded Viomi Technology from a “buy” rating to a “hold” rating in a report on Monday, February 4th.
Viomi Technology (NASDAQ:VIOT) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.75. The company had revenue of $955.70 million for the quarter, compared to analyst estimates of $891.50 million. The business’s revenue was up 142.6% on a year-over-year basis. Equities analysts expect that Viomi Technology will post 0.97 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. CI Investments Inc. grew its stake in shares of Viomi Technology by 0.5% in the 4th quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock valued at $5,880,000 after buying an additional 3,900 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Viomi Technology during the third quarter worth approximately $113,000. Citadel Advisors LLC bought a new stake in Viomi Technology during the third quarter worth approximately $184,000. JPMorgan Chase & Co. bought a new stake in Viomi Technology during the third quarter worth approximately $675,000. Finally, Norges Bank bought a new stake in Viomi Technology during the fourth quarter worth approximately $1,365,000. Institutional investors own 12.29% 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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