Huami (NYSE:HMI) Shares Up 14.4%

Huami Corp (NYSE:HMI)’s share price shot up 14.4% during trading on Wednesday . The stock traded as high as $11.98 and last traded at $11.79, 503,646 shares changed hands during trading. An increase of 61% from the average session volume of 313,566 shares. The stock had previously closed at $10.31.

Several brokerages have recently commented on HMI. ValuEngine upgraded Huami from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. TheStreet upgraded Huami from a “d+” rating to a “c-” rating in a report on Wednesday, June 26th.

The company has a market cap of $597.31 million, a P/E ratio of 10.92 and a beta of 2.56. The stock’s fifty day moving average price is $10.06.

Huami (NYSE:HMI) last issued its earnings results on Monday, June 3rd. The company reported $0.18 earnings per share for the quarter. The company had revenue of $119.14 million during the quarter. Huami had a return on equity of 23.00% and a net margin of 10.35%.

Hedge funds have recently modified their holdings of the stock. Zevenbergen Capital Investments LLC purchased a new stake in Huami during the 1st quarter valued at about $180,000. Virtu Financial LLC purchased a new stake in Huami during the 1st quarter valued at about $228,000. Marshall Wace LLP boosted its holdings in Huami by 3,764.9% during the 1st quarter. Marshall Wace LLP now owns 23,576 shares of the company’s stock valued at $309,000 after acquiring an additional 22,966 shares during the period. Hamilton Lane Advisors LLC purchased a new stake in Huami during the 1st quarter valued at about $874,000. Finally, Matthews International Capital Management LLC purchased a new stake in Huami in the 1st quarter worth approximately $1,497,000. Institutional investors own 15.28% of the company’s stock.

Huami Company Profile (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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