Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have been given an average broker rating score of 1.75 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.
Brokers have set a one year consensus price target of $11.45 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Viomi Technology an industry rank of 174 out of 255 based on the ratings given to its competitors.
Several brokerages recently issued reports on VIOT. Zacks Investment Research upgraded shares of Viomi Technology from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Thursday, March 21st. ValuEngine lowered shares of Viomi Technology from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.
Hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new stake in Viomi Technology during the 3rd quarter valued at about $113,000. Citadel Advisors LLC purchased a new stake in Viomi Technology during the 3rd quarter valued at about $184,000. Point72 Hong Kong Ltd purchased a new stake in Viomi Technology during the 3rd quarter valued at about $260,000. JPMorgan Chase & Co. purchased a new stake in Viomi Technology during the 3rd quarter valued at about $675,000. Finally, Norges Bank purchased a new stake in Viomi Technology during the 4th quarter valued at about $1,365,000. 12.29% of the stock is currently owned by institutional investors.
Shares of Viomi Technology stock opened at $11.10 on Tuesday. The stock has a market capitalization of $771.63 million and a P/E ratio of 39.64. Viomi Technology has a 1 year low of $7.24 and a 1 year high of $12.29.
Viomi Technology (NASDAQ:VIOT) last issued its quarterly earnings results on Monday, March 18th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.75. The business had revenue of $955.70 million during the quarter, compared to the consensus estimate of $891.50 million. The company’s revenue for the quarter was up 142.6% on a year-over-year basis. On average, analysts anticipate that Viomi Technology will post 0.97 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th.
Viomi Technology Company Profile
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 smart water kettles, washing machines, water heaters, and others.
See Also: Sell-Side Analysts
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