Zepp Health (NYSE:ZEPP) Trading Down 5.2% – Here’s What Happened

Zepp Health Co. (NYSE:ZEPP)’s share price was down 5.2% during trading on Tuesday . The company traded as low as $2.80 and last traded at $2.89. Approximately 9,017 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 18,976 shares. The stock had previously closed at $3.05.

Analyst Ratings Changes

Separately, Fundamental Research set a $14.65 price target on Zepp Health and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Zepp Health Stock Down 5.2 %

The stock has a market capitalization of $43.50 million, a P/E ratio of -1.16 and a beta of 0.64. The firm has a 50 day moving average of $3.13 and a 200-day moving average of $2.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.21 and a quick ratio of 0.87.

Hedge Funds Weigh In On Zepp Health

A hedge fund recently bought a new stake in Zepp Health stock. Virtu Financial LLC bought a new stake in Zepp Health Co. (NYSE:ZEPP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,056 shares of the company’s stock, valued at approximately $57,000. Virtu Financial LLC owned approximately 0.09% of Zepp Health as of its most recent filing with the SEC. 52.61% of the stock is currently owned by institutional investors and hedge funds.

About Zepp Health

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.