Viomi Technology (NASDAQ:VIOT) Stock Rating Lowered by Wall Street Zen

Viomi Technology (NASDAQ:VIOT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Viomi Technology Price Performance

NASDAQ:VIOT opened at $3.45 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.07 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $3.45 and its 200 day moving average price is $2.26. Viomi Technology has a 52-week low of $1.21 and a 52-week high of $4.33. The firm has a market cap of $235.37 million, a P/E ratio of 57.50 and a beta of 0.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Viomi Technology stock. JPMorgan Chase & Co. bought a new position in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 303,531 shares of the company’s stock, valued at approximately $410,000. JPMorgan Chase & Co. owned approximately 0.44% of Viomi Technology at the end of the most recent reporting period. Institutional investors and hedge funds own 1.22% 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 air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.