Viomi Technology (NASDAQ:VIOT) Cut to “Hold” at Wall Street Zen

Viomi Technology (NASDAQ:VIOT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Viomi Technology in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Viomi Technology currently has an average rating of “Sell”.

Viomi Technology Stock Down 0.9%

Shares of NASDAQ VIOT opened at $1.07 on Friday. Viomi Technology has a 1 year low of $1.05 and a 1 year high of $4.33. The firm’s 50-day moving average is $1.36 and its 200-day moving average is $2.19. The company has a current ratio of 2.60, a quick ratio of 1.87 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $72.70 million, a PE ratio of -5.10 and a beta of 0.32.

Hedge Funds Weigh In On Viomi Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Viomi Technology during the 4th quarter worth about $28,000. Sei Investments Co. bought a new position in Viomi Technology during the 3rd quarter worth approximately $59,000. Virtu Financial LLC bought a new position in Viomi Technology during the 3rd quarter worth approximately $72,000. Nomura Holdings Inc. acquired a new position in Viomi Technology during the third quarter valued at approximately $77,000. Finally, Jane Street Group LLC acquired a new position in Viomi Technology during the fourth quarter valued at approximately $47,000. Institutional investors own 1.22% of the company’s stock.

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.