Point72 Hong Kong Ltd Invests $260,000 in Viomi Technology Co Ltd – (VIOT) Stock

Point72 Hong Kong Ltd purchased a new position in Viomi Technology Co Ltd – (NASDAQ:VIOT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,934 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in Viomi Technology in the 3rd quarter valued at $675,000. CI Investments Inc. bought a new position in Viomi Technology in the 3rd quarter valued at $6,750,000. FIL Ltd bought a new position in Viomi Technology in the 3rd quarter valued at $4,950,000. Dean Capital Investments Management LLC bought a new position in shares of Viomi Technology during the 3rd quarter worth $595,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Viomi Technology during the 3rd quarter worth $9,000,000. Institutional investors and hedge funds own 14.36% of the company’s stock.

VIOT opened at $8.00 on Friday. Viomi Technology Co Ltd – has a 12-month low of $7.50 and a 12-month high of $10.95.

Viomi Technology (NASDAQ:VIOT) last posted its quarterly earnings results on Monday, November 26th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.12). The firm had revenue of $82.31 million during the quarter. Sell-side analysts anticipate that Viomi Technology Co Ltd – will post 0.45 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. ValuEngine raised Viomi Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. Morgan Stanley assumed coverage on Viomi Technology in a research report on Monday, October 22nd. They set an “overweight” rating and a $12.90 price target on the stock. Finally, Needham & Company LLC assumed coverage on Viomi Technology in a research report on Monday, October 22nd. They set a “buy” rating and a $10.00 price target on the stock.

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About Viomi Technology

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 smart water kettles, washing machines, water heaters, and others.

Further Reading: SEC Filing

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Institutional Ownership by Quarter for Viomi Technology (NASDAQ:VIOT)

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