Viomi Technology (NASDAQ:VIOT) Shares Down 2.7% – Time to Sell?

Shares of Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) dropped 2.7% on Friday . The stock traded as low as $1.45 and last traded at $1.46. Approximately 131,278 shares were traded during trading, a decline of 55% from the average daily volume of 294,743 shares. The stock had previously closed at $1.50.

Analyst Upgrades and Downgrades

VIOT has been the subject of several recent analyst reports. Weiss Ratings started coverage on Viomi Technology in a report on Wednesday, October 8th. They issued a “sell (d+)” rating for the company. Wall Street Zen raised shares of Viomi Technology from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Viomi Technology presently has an average rating of “Sell”.

Viomi Technology Stock Down 2.7%

The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $2.18 and its 200-day simple moving average is $2.84. The company has a market capitalization of $99.19 million, a PE ratio of -6.95 and a beta of 0.28.

Institutional Trading of Viomi Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in Viomi Technology during the third quarter valued at approximately $77,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Viomi Technology during the 3rd quarter worth approximately $108,000. Virtu Financial LLC purchased a new position in shares of Viomi Technology during the 3rd quarter valued at approximately $72,000. Two Sigma Investments LP purchased a new position in shares of Viomi Technology during the 3rd quarter valued at approximately $525,000. Finally, Oasis Management Co Ltd. acquired a new position in shares of Viomi Technology in the 3rd quarter valued at $334,000. 1.22% of the stock is owned by institutional investors and hedge funds.

About Viomi Technology

Viomi Technology Co, Ltd. (NASDAQ: VIOT) is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.

At the core of Viomi’s offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.