Pictet Asset Management Ltd. acquired a new stake in shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000,000 shares of the company’s stock, valued at approximately $9,000,000. Pictet Asset Management Ltd. owned approximately 1.44% of Viomi Technology as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Dean Capital Investments Management LLC bought a new stake in shares of Viomi Technology in the 3rd quarter valued at about $595,000. FIL Ltd bought a new stake in shares of Viomi Technology in the 3rd quarter valued at about $4,950,000. CI Investments Inc. bought a new stake in shares of Viomi Technology in the 3rd quarter valued at about $6,750,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Viomi Technology in the 3rd quarter valued at about $675,000. Hedge funds and other institutional investors own 14.36% of the company’s stock.
Shares of VIOT stock opened at $7.85 on Friday. Viomi Technology Co Ltd – has a one year low of $7.50 and a one year high of $10.95.
Viomi Technology (NASDAQ:VIOT) last announced its quarterly earnings results on Monday, November 26th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.12). The firm had revenue of $82.31 million during the quarter. As a group, sell-side analysts predict that Viomi Technology Co Ltd – will post 0.45 EPS for the current fiscal year.
A number of analysts have recently commented on the company. ValuEngine raised Viomi Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Needham & Company LLC assumed coverage on Viomi Technology in a research note on Monday, October 22nd. They issued a “buy” rating and a $10.00 price target for the company. Finally, Morgan Stanley assumed coverage on Viomi Technology in a research note on Monday, October 22nd. They issued an “overweight” rating and a $12.90 price target for the company.
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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