Viomi Technology (NASDAQ: VIOT – Get Rating) announced its results for the quarterly earnings on Friday. The company reported ($ 0.60) earnings per share for the quarter, analysts’ consensus estimates of $ 1.86 ($ 2.46) were missing, Fidelity Earnings reported. Viomi Technology has a return on equity of 8.27% and a net profit of 1.66%. In the same quarter of the previous year, the company earned $ 0.13 EPS. Viomi Technology has updated its Q2 2022 manual to EPS.
Shares of VIOT traded down $ 0.13 during trading on Friday, reaching $ 1.47. 248,495 shares of the company were exchanged at an average volume of 55,152. The company has a debt-to-equity ratio of 0.01, a fast ratio of 1.49 and a current ratio of 1.85. Viomi Technology has a one-year low of $ 1.14 and a one-year high of $ 9.50. The 50-day simple moving average is $ 1.62, and its usual two-day moving average is $ 2.14. The shares have a market capitalization of $ 103.24 million, a price-earnings ratio of -73.50 and a beta of 1.25.
Separately, Zacks Investment Research raised shares of Viomi Technology from a “sell” rating to a “hold” rating in a research report on Wednesday (March 30th).
A number of institutional investors and hedge funds have recently added or reduced their stakes. Morgan Stanley increased its stake in Viomi Technology by 451.1% in the third quarter. Morgan Stanley already owns 12,730 shares of the company’s stock worth $ 58,000 after buying an additional 10,420 shares during the period. Jane Street Group LLC acquired a new stake in Viomi Technology in the third quarter worth approximately $ 59,000. Two Sigma Advisers LP acquired a new stake in Viomi Technology in the third quarter worth approximately $ 63,000. Citadel Advisors LLC acquired a new stake in Viomi Technology in the second quarter worth approximately $ 111,000. Finally, Renaissance Technologies LLC increased its stake in Viomi Technology by 50.5% in the first quarter. Renaissance Technologies LLC now owns 65,864 shares of the company’s $ 115,000 worth of shares after purchasing an additional 22,100 shares during the period.
Company profile of Viomi Technology (Get an estimate)
Viomi Technology Co., Ltd., through its subsidiaries, develops and sells smart home products with activated Internet of Things (IoT) in the People’s Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; intelligent kitchen products, such as refrigerators, steam ovens, dishwashers, extractors and gas stoves; and other smart products, including air conditioning systems, washing machines, water heaters, smart water kettles, sweeping robots, smart locks, smart TVs and other smart devices.
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