Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have earned an average broker rating score of 1.75 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a buy recommendation.
Analysts have set a 1 year consensus target price of $11.45 for the company and are forecasting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viomi Technology an industry rank of 145 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Saturday, July 13th.
Several large investors have recently made changes to their positions in the stock. FIL Ltd grew its position in shares of Viomi Technology by 38.4% during the 1st quarter. FIL Ltd now owns 1,091,703 shares of the company’s stock valued at $12,085,000 after buying an additional 302,646 shares during the last quarter. CI Investments Inc. grew its position in shares of Viomi Technology by 0.5% during 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 during the last quarter. Norges Bank bought a new stake in shares of Viomi Technology during the 4th quarter valued at about $1,365,000. SG Americas Securities LLC bought a new stake in shares of Viomi Technology during the 1st quarter valued at about $647,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Viomi Technology during the 1st quarter valued at about $152,000. 12.04% of the stock is owned by institutional investors and hedge funds.
Shares of VIOT traded up $0.35 during midday trading on Tuesday, hitting $9.42. The company had a trading volume of 95,900 shares, compared to its average volume of 133,163. The firm has a 50 day moving average price of $8.78. The stock has a market cap of $630.33 million and a PE ratio of 33.64. Viomi Technology has a 52 week low of $7.24 and a 52 week high of $15.84.
Viomi Technology (NASDAQ:VIOT) last released its earnings results on Thursday, May 23rd. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $676.20 million for the quarter, compared to the consensus estimate of $682.00 million. The firm’s quarterly revenue was up 104.4% on a year-over-year basis. Equities analysts predict that Viomi Technology will post 0.84 EPS for the current fiscal year.
About Viomi Technology
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.
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