Viomi Technology (NASDAQ:VIOT) announced its quarterly earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.21), Yahoo Finance reports. Viomi Technology had a return on equity of 19.06% and a net margin of 3.84%. During the same quarter last year, the business posted $0.12 EPS. Viomi Technology updated its Q4 2021 guidance to EPS.
Viomi Technology stock remained flat at $$3.51 during mid-day trading on Friday. 227,906 shares of the company’s stock were exchanged, compared to its average volume of 635,313. Viomi Technology has a 12-month low of $3.29 and a 12-month high of $18.99. The stock’s 50 day simple moving average is $4.54 and its 200 day simple moving average is $6.05. The stock has a market cap of $246.24 million, a price-to-earnings ratio of 7.02 and a beta of 1.29.
VIOT has been the topic of several analyst reports. TheStreet lowered shares of Viomi Technology from a “c-” rating to a “d+” rating in a research note on Friday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.50 price objective on shares of Viomi Technology in a report on Thursday, August 26th. Finally, Zacks Investment Research downgraded shares of Viomi Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 23rd.
Viomi Technology Company Profile
Viomi Technology Co, Ltd. is a holding company, which engages in the development and sale of Internet-of-thing (IoT) enabled smart home products. It offers oven steamer, range hood, refrigerator, water purifier, and washing machine. The company was founded by Xiao Ping Chen in May 2014 and is headquartered in Guangzhou, China.
Featured Article: Why is cost of goods sold important?
Receive News & Ratings for Viomi Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viomi Technology and related companies with MarketBeat.com's FREE daily email newsletter.