Viomi Technology (NASDAQ:VIOT – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Friday.
Viomi Technology Trading Down 4.3%
Shares of NASDAQ:VIOT opened at $1.32 on Friday. The stock has a 50 day moving average of $1.36 and a 200 day moving average of $1.48. The company has a market cap of $90.05 million, a PE ratio of 22.00 and a beta of 0.16. The company has a current ratio of 2.07, a quick ratio of 1.97 and a debt-to-equity ratio of 0.05. Viomi Technology has a 12-month low of $0.83 and a 12-month high of $2.38.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Viomi Technology during the 4th quarter valued at approximately $26,000. Renaissance Technologies LLC grew its stake in shares of Viomi Technology by 50.8% during the 4th quarter. Renaissance Technologies LLC now owns 143,764 shares of the company’s stock valued at $210,000 after acquiring an additional 48,400 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Viomi Technology by 2.5% in the 1st quarter. Acadian Asset Management LLC now owns 696,888 shares of the company’s stock worth $1,073,000 after purchasing an additional 16,678 shares during the period. 1.22% of the stock is currently owned by institutional investors.
Viomi Technology Company Profile
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 air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.
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