Viomi Technology (NASDAQ:VIOT – Get Rating) announced its quarterly earnings results on Friday. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($2.46), Fidelity Earnings reports. Viomi Technology had a return on equity of 8.27% and a net margin of 1.66%. During the same quarter in the previous year, the firm earned $0.13 EPS. Viomi Technology updated its Q2 2022 guidance to EPS.
Shares of VIOT stock traded down $0.13 during trading hours on Friday, hitting $1.47. 248,495 shares of the company were exchanged, compared to its average volume of 55,152. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.85. Viomi Technology has a one year low of $1.14 and a one year high of $9.50. The business’s 50-day simple moving average is $1.62 and its two-hundred day simple moving average is $2.14. The stock has a market capitalization of $103.24 million, a price-to-earnings ratio of -73.50 and a beta of 1.25.
Separately, Zacks Investment Research raised shares of Viomi Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in shares of Viomi Technology by 451.1% in the third quarter. Morgan Stanley now owns 12,730 shares of the company’s stock valued at $58,000 after purchasing an additional 10,420 shares during the period. Jane Street Group LLC acquired a new stake in shares of Viomi Technology in the third quarter valued at approximately $59,000. Two Sigma Advisers LP acquired a new stake in shares of Viomi Technology in the third quarter valued at approximately $63,000. Citadel Advisors LLC acquired a new stake in shares of Viomi Technology in the second quarter valued at approximately $111,000. Finally, Renaissance Technologies LLC increased its stake in shares of Viomi Technology by 50.5% in the first quarter. Renaissance Technologies LLC now owns 65,864 shares of the company’s stock valued at $115,000 after purchasing an additional 22,100 shares during the period.
Viomi Technology Company Profile (Get Rating)
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, smart TV, and other smart devices.
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