Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have earned an average broker rating score of 1.75 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a buy rating.
Brokerages have set a twelve-month consensus price objective of $11.45 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Viomi Technology an industry rank of 111 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Saturday.
Institutional investors have recently made changes to their positions in the stock. CI Investments Inc. lifted its holdings in Viomi Technology by 0.5% in the 4th quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock worth $5,880,000 after buying an additional 3,900 shares during the period. Norges Bank purchased a new stake in Viomi Technology in the 4th quarter worth approximately $1,365,000. SG Americas Securities LLC purchased a new stake in Viomi Technology in the 1st quarter worth approximately $647,000. Prospera Financial Services Inc purchased a new stake in Viomi Technology in the 1st quarter worth approximately $152,000. Finally, FIL Ltd lifted its holdings in Viomi Technology by 38.4% in the 1st quarter. FIL Ltd now owns 1,091,703 shares of the company’s stock worth $12,085,000 after buying an additional 302,646 shares during the period. Institutional investors and hedge funds own 12.04% of the company’s stock.
Shares of NASDAQ VIOT traded down $0.08 during midday trading on Monday, hitting $8.91. 3,326 shares of the stock traded hands, compared to its average volume of 110,557. The company has a market capitalization of $626.06 million and a P/E ratio of 32.00. Viomi Technology has a one year low of $7.24 and a one year high of $15.84. The company’s 50 day moving average is $8.61.
Viomi Technology (NASDAQ:VIOT) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The company had revenue of $676.20 million during the quarter, compared to analyst estimates of $682.00 million. The firm’s quarterly revenue was up 104.4% on a year-over-year basis. As a group, sell-side analysts predict that Viomi Technology will post 0.84 EPS for the current year.
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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