Viomi Technology Co Ltd – (NASDAQ:VIOT) Receives Average Recommendation of “Buy” from Analysts

Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have earned a consensus broker rating score of 1.75 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.

Brokerages have set a one year consensus target price of $12.70 for the company and are anticipating that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viomi Technology an industry rank of 149 out of 255 based on the ratings given to its competitors.

VIOT has been the subject of a number of recent research reports. Needham & Company LLC initiated coverage on shares of Viomi Technology in a report on Wednesday, August 21st. They issued a “buy” rating and a $13.00 price objective for the company. Zacks Investment Research cut shares of Viomi Technology from a “hold” rating to a “sell” rating in a report on Saturday, July 13th.

Viomi Technology stock opened at $8.04 on Wednesday. The company’s fifty day simple moving average is $8.23 and its 200-day simple moving average is $9.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.62 and a current ratio of 2.00. Viomi Technology has a 12 month low of $7.24 and a 12 month high of $15.84.

Viomi Technology (NASDAQ:VIOT) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Viomi Technology had a net margin of 3.72% and a return on equity of 11.28%. The business had revenue of $169.00 million for the quarter. On average, analysts forecast that Viomi Technology will post 0.74 EPS for the current year.

A number of large investors have recently modified their holdings of VIOT. FIL Ltd boosted its holdings in Viomi Technology by 38.4% in the first quarter. FIL Ltd now owns 1,091,703 shares of the company’s stock worth $12,085,000 after purchasing an additional 302,646 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Viomi Technology in the second quarter worth $33,000. Hershey Trust Co. bought a new stake in Viomi Technology in the second quarter worth $76,000. GAM Holding AG acquired a new position in Viomi Technology during the 2nd quarter worth $418,000. Finally, Invesco Ltd. acquired a new position in Viomi Technology during the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 16.39% of the company’s stock.

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

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