Zepp Health Corporation Sponsored ADR (NYSE:ZEPP) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Zepp Health Corporation Sponsored ADR (NYSE:ZEPP) by 23.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 854,341 shares of the company’s stock after selling 258,108 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 5.68% of Zepp Health worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission.

Zepp Health Stock Performance

Shares of ZEPP stock opened at $2.98 on Monday. The stock’s 50-day moving average is $2.57 and its two-hundred day moving average is $2.76. The firm has a market cap of $43.21 million, a price-to-earnings ratio of -0.59 and a beta of 0.85. Zepp Health Corporation Sponsored ADR has a 1 year low of $2.06 and a 1 year high of $4.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.84 and a current ratio of 1.14.

Zepp Health (NYSE:ZEPP) last announced its earnings results on Monday, May 19th. The company reported ($1.13) EPS for the quarter. The business had revenue of $38.54 million during the quarter. Zepp Health had a negative net margin of 44.54% and a negative return on equity of 23.60%.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a $13.87 price objective on Zepp Health and gave the stock a “buy” rating in a report on Tuesday, April 22nd.

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.