Viomi Technology Co Ltd – (NASDAQ:VIOT) has received a consensus broker rating score of 1.75 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy rating.
Analysts have set a one year consensus target price of $12.25 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Viomi Technology an industry rank of 110 out of 255 based on the ratings given to related companies.
A number of research firms recently issued reports on VIOT. Zacks Investment Research lowered Viomi Technology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 15th. ValuEngine raised Viomi Technology from a “sell” rating to a “hold” rating in a research report on Monday, December 9th.
A number of institutional investors have recently bought and sold shares of VIOT. New Silk Road Investment PTE Ltd. acquired a new position in Viomi Technology in the 4th quarter valued at about $30,000. Andra AP fonden purchased a new stake in shares of Viomi Technology during the fourth quarter worth about $95,000. Invesco Ltd. acquired a new position in shares of Viomi Technology in the second quarter valued at approximately $104,000. Hershey Trust Co. raised its position in shares of Viomi Technology by 71.4% in the fourth quarter. Hershey Trust Co. now owns 16,139 shares of the company’s stock valued at $130,000 after buying an additional 6,723 shares during the last quarter. Finally, Massachusetts Institute of Technology purchased a new position in shares of Viomi Technology during the fourth quarter valued at approximately $155,000. Hedge funds and other institutional investors own 12.85% of the company’s stock.
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.
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