Viomi Technology (NASDAQ:VIOT) Lowered to “Hold” Rating by Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Viomi Technology in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Viomi Technology Stock Down 0.9%

Shares of VIOT opened at $1.07 on Friday. The company has a market capitalization of $72.70 million, a P/E ratio of -5.10 and a beta of 0.32. Viomi Technology has a one year low of $1.05 and a one year high of $4.33. The business’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $2.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 1.87.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIOT. Verdad Advisers LP acquired a new position in Viomi Technology during the 4th quarter worth $97,000. Quadrature Capital Ltd increased its stake in shares of Viomi Technology by 69.8% in the 4th quarter. Quadrature Capital Ltd now owns 63,827 shares of the company’s stock valued at $117,000 after buying an additional 26,241 shares during the period. Barclays PLC raised its position in shares of Viomi Technology by 38.7% during the fourth quarter. Barclays PLC now owns 253,980 shares of the company’s stock worth $467,000 after acquiring an additional 70,810 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Viomi Technology during the fourth quarter valued at $28,000. Finally, Jane Street Group LLC acquired a new position in shares of Viomi Technology during the fourth quarter valued at $47,000. Institutional investors own 1.22% of the company’s stock.

Viomi Technology Company Profile

Viomi Technology Co, Ltd. (NASDAQ: VIOT) is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.

At the core of Viomi’s offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.