Viomi Technology (NASDAQ:VIOT) Issues Earnings Results

Viomi Technology (NASDAQ:VIOT) announced its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04), FiscalAI reports. The business had revenue of $54.46 million for the quarter, compared to analyst estimates of $128.30 million.

Viomi Technology Stock Up 0.6%

Viomi Technology stock opened at $0.82 on Friday. Viomi Technology has a 12-month low of $0.66 and a 12-month high of $3.68. The firm has a 50 day moving average of $0.78 and a 200 day moving average of $1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 2.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Viomi Technology in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Viomi Technology

A number of hedge funds have recently modified their holdings of the company. Verdad Advisers LP purchased a new position in shares of Viomi Technology during the 4th quarter valued at $97,000. Quadrature Capital Ltd boosted its holdings in Viomi Technology by 69.8% in the 4th quarter. Quadrature Capital Ltd now owns 63,827 shares of the company’s stock worth $117,000 after buying an additional 26,241 shares during the period. Barclays PLC increased its stake in Viomi Technology by 38.7% in the 4th quarter. Barclays PLC now owns 253,980 shares of the company’s stock worth $467,000 after buying an additional 70,810 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in Viomi Technology in the 4th quarter worth $28,000. Finally, Jane Street Group LLC bought a new stake in Viomi Technology during the fourth quarter valued at about $47,000. 1.22% of the stock is currently owned by institutional investors.

About Viomi Technology

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.