Viomi Technology (NASDAQ:VIOT) Stock Lifted to “Sell” by Wall Street Zen

Wall Street Zen upgraded shares of Viomi Technology (NASDAQ:VIOT) to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of Viomi Technology from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Viomi Technology currently has a consensus rating of “Sell”.

Viomi Technology Price Performance

Shares of NASDAQ:VIOT opened at $1.42 on Friday. The company’s 50-day moving average price is $1.20 and its two-hundred day moving average price is $1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.53 and a quick ratio of 2.36. Viomi Technology has a one year low of $0.66 and a one year high of $3.61.

Viomi Technology (NASDAQ:VIOT) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $54.46 million during the quarter. Research analysts anticipate that Viomi Technology will post -0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in Viomi Technology by 110.7% in the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock valued at $781,000 after buying an additional 369,616 shares in the last quarter. Bank of America Corp DE acquired a new position in Viomi Technology during the first quarter worth about $34,000. Finally, Ramsey Quantitative Systems acquired a new position in Viomi Technology during the second quarter worth about $258,000. Institutional investors own 1.22% of the company’s stock.

About Viomi Technology

Viomi Technology Co, Ltd. is a China-based technology company that develops and sells smart home appliances and internet-connected household products. Its product portfolio has included refrigerators, washing machines, kitchen appliances, water purifiers, range hoods, water heaters, air conditioners and other home-comfort products. Many of its products are designed to connect through smart-home software and mobile applications, allowing users to monitor and control appliances remotely.

Founded in 2014 and headquartered in Foshan, Guangdong, Viomi initially grew through its relationship with Xiaomi, supplying smart household appliances for Xiaomi’s ecosystem.