Viomi Technology (VIOT) to Release Quarterly Earnings on Wednesday

Viomi Technology (NASDAQ:VIOT) is projected to release its resultson Wednesday, June 24th. Analysts expect Viomi Technology to post earnings of $0.0695 per share and revenue of $206.3940 million for the quarter.

Viomi Technology Price Performance

Viomi Technology stock opened at $0.90 on Wednesday. The firm’s fifty day moving average price is $0.98 and its two-hundred day moving average price is $1.39. Viomi Technology has a 1-year low of $0.87 and a 1-year high of $4.33. The company has a quick ratio of 2.43, a current ratio of 2.60 and a debt-to-equity ratio of 0.03.

Viomi Technology Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, April 6th were issued a $0.066 dividend. The ex-dividend date was Monday, April 6th.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Viomi Technology from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Viomi Technology

A number of hedge funds have recently bought and sold shares of VIOT. JPMorgan Chase & Co. purchased a new stake in shares of Viomi Technology during the 2nd quarter valued at $410,000. Barclays PLC boosted its holdings in shares of Viomi Technology by 38.7% in the 4th quarter. Barclays PLC now owns 253,980 shares of the company’s stock worth $467,000 after buying an additional 70,810 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Viomi Technology in the 3rd quarter worth about $525,000. Dimensional Fund Advisors LP grew its position in Viomi Technology by 112.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 65,057 shares of the company’s stock valued at $120,000 after buying an additional 34,404 shares during the period. Finally, Quadrature Capital Ltd increased its holdings in Viomi Technology by 69.8% during the fourth quarter. Quadrature Capital Ltd now owns 63,827 shares of the company’s stock worth $117,000 after buying an additional 26,241 shares during the last quarter. 1.22% of the stock is currently owned by institutional investors.

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.