Viomi Technology (NASDAQ:VIOT) Shares Up 7.1%

Viomi Technology Co., Ltd (NASDAQ:VIOT – Get Rating) shot up 7.1% during mid-day trading on Friday . The stock traded as high as $1.35 and last traded at $1.35. 58,209 shares changed hands during trading, a decline of 36% from the average session volume of 91,378 shares. The stock had previously closed at $1.26.

Viomi Technology Stock Performance

The firm has a market capitalization of $93.93 million, a P/E ratio of -4.50 and a beta of 0.75. The company’s 50 day moving average is $1.09 and its 200-day moving average is $1.21. The company has a quick ratio of 1.48, a current ratio of 1.95 and a debt-to-equity ratio of 0.06.

Viomi Technology (NASDAQ:VIOT – Get Rating) last released its quarterly earnings data on Wednesday, November 23rd. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $96.41 million during the quarter. Viomi Technology had a negative net margin of 3.85% and a negative return on equity of 7.22%.

Hedge Funds Weigh In On Viomi Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIOT. Dimensional Fund Advisors LP boosted its position in Viomi Technology by 8.9% during the first quarter. Dimensional Fund Advisors LP now owns 323,137 shares of the company’s stock worth $563,000 after purchasing an additional 26,327 shares during the period. Renaissance Technologies LLC raised its stake in shares of Viomi Technology by 38.4% during the second quarter. Renaissance Technologies LLC now owns 91,164 shares of the company’s stock worth $157,000 after acquiring an additional 25,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Viomi Technology by 36.6% during the first quarter. Envestnet Asset Management Inc. now owns 82,421 shares of the company’s stock worth $143,000 after acquiring an additional 22,104 shares in the last quarter. Institutional investors own 1.91% of the company’s stock.

About Viomi Technology

(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.