Viomi Technology Co Ltd – (NASDAQ:VIOT) Receives Consensus Rating of “Buy” from Brokerages

Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have received an average broker rating score of 1.75 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a buy recommendation.

Brokers have set a 12-month consensus target price of $11.45 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viomi Technology an industry rank of 74 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Viomi Technology from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIOT. Prospera Financial Services Inc acquired a new stake in shares of Viomi Technology in the 1st quarter worth approximately $152,000. Hsbc Holdings PLC acquired a new stake in shares of Viomi Technology in the 1st quarter worth approximately $238,000. SG Americas Securities LLC acquired a new stake in shares of Viomi Technology in the 1st quarter worth approximately $647,000. Norges Bank purchased a new stake in Viomi Technology in the 4th quarter valued at approximately $1,365,000. Finally, CI Investments Inc. lifted its stake in Viomi Technology by 0.5% in the 4th quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock valued at $5,880,000 after buying an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 12.04% of the company’s stock.

NASDAQ VIOT opened at $8.70 on Friday. Viomi Technology has a 12-month low of $7.24 and a 12-month high of $15.84. The company has a market cap of $615.09 million and a price-to-earnings ratio of 31.07.

Viomi Technology (NASDAQ:VIOT) last released its earnings results on Thursday, May 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The business had revenue of $676.20 million during the quarter, compared to the consensus estimate of $682.00 million. The business’s revenue was up 104.4% on a year-over-year basis. Sell-side analysts forecast that Viomi Technology will post 0.94 earnings per share for the current fiscal year.

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.

Read More: LIBOR

Get a free copy of the Zacks research report on Viomi Technology (VIOT)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Viomi Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viomi Technology and related companies with's FREE daily email newsletter.