Huami Corp (NYSE:HMI) rose 9.1% during trading on Wednesday . The stock traded as high as $15.11 and last traded at $14.92, approximately 569,600 shares changed hands during trading. An increase of 6% from the average daily volume of 539,220 shares. The stock had previously closed at $13.68.

Separately, ValuEngine upgraded Huami from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th.

The company has a current ratio of 1.76, a quick ratio of 1.38 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $13.40 and a 200 day moving average price of $11.22. The company has a market capitalization of $812.71 million, a P/E ratio of 12.64 and a beta of 2.67.

Huami (NYSE:HMI) last issued its earnings results on Tuesday, November 12th. The company reported $0.44 EPS for the quarter. Huami had a return on equity of 24.08% and a net margin of 9.99%. The company had revenue of $260.58 million during the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Huami during the 3rd quarter worth approximately $1,316,000. Squarepoint Ops LLC bought a new stake in Huami in the 3rd quarter valued at $141,000. BlackRock Inc. boosted its stake in Huami by 89.7% in the 2nd quarter. BlackRock Inc. now owns 36,402 shares of the company’s stock valued at $364,000 after purchasing an additional 17,209 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Huami by 13.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 28,340 shares of the company’s stock valued at $283,000 after purchasing an additional 3,385 shares during the period. Finally, State Street Corp bought a new stake in Huami in the 3rd quarter valued at $121,000. Institutional investors own 21.21% of the company’s stock.

About Huami (NYSE:HMI)

Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.

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