Viomi Technology Co Ltd – (NASDAQ:VIOT) has been given an average broker rating score of 1.75 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy rating.

Brokerages have set a 1-year consensus price target of $11.45 for the company and are predicting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viomi Technology an industry rank of 159 out of 255 based on the ratings given to its competitors.

A number of equities analysts have recently weighed in on VIOT shares. ValuEngine lowered Viomi Technology from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research lowered Viomi Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th.

A number of institutional investors have recently made changes to their positions in VIOT. Morgan Stanley bought a new stake in Viomi Technology during the third quarter worth $16,096,000. Norges Bank bought a new stake in Viomi Technology during the fourth quarter worth $1,365,000. JPMorgan Chase & Co. bought a new stake in Viomi Technology during the third quarter worth $675,000. Citadel Advisors LLC bought a new stake in Viomi Technology during the third quarter worth $184,000. Finally, Point72 Asset Management L.P. bought a new stake in Viomi Technology during the third quarter worth $113,000. Institutional investors and hedge funds own 12.29% of the company’s stock.

Shares of VIOT opened at $13.60 on Wednesday. Viomi Technology has a 52-week low of $7.24 and a 52-week high of $15.84. The company has a market capitalization of $1.06 billion and a price-to-earnings ratio of 48.57.

Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Monday, March 18th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.75. The firm had revenue of $955.70 million for the quarter, compared to analyst estimates of $891.50 million. The firm’s revenue for the quarter was up 142.6% compared to the same quarter last year. Equities research analysts anticipate that Viomi Technology will post 0.94 EPS for the current year.

The company also recently announced a special dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 27th.

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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