Zepp Health’s (ZEPP) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of Zepp Health (NYSE:ZEPP) in a research report report published on Friday,Weiss Ratings reports.

ZEPP has been the subject of several other reports. Fundamental Research set a $60.23 target price on shares of Zepp Health and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded Zepp Health to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Zepp Health presently has an average rating of “Hold” and an average target price of $60.23.

Zepp Health Stock Down 7.6%

NYSE:ZEPP opened at $41.15 on Friday. The company’s 50-day simple moving average is $47.75 and its 200-day simple moving average is $21.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 1.10. Zepp Health has a fifty-two week low of $2.13 and a fifty-two week high of $61.85. The stock has a market capitalization of $596.68 million, a P/E ratio of -8.52 and a beta of 1.32.

Institutional Investors Weigh In On Zepp Health

A hedge fund recently bought a new stake in Zepp Health stock. Ariose Capital Management Ltd bought a new position in Zepp Health Corporation Sponsored ADR (NYSE:ZEPP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,717 shares of the company’s stock, valued at approximately $1,269,000. Zepp Health comprises 0.4% of Ariose Capital Management Ltd’s portfolio, making the stock its 27th largest position. Ariose Capital Management Ltd owned approximately 0.19% 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.

Zepp Health Company Profile

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.