Viomi Technology (NASDAQ:VIOT) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Viomi Technology (NASDAQ:VIOT) announced its quarterly 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 company had revenue of $54.46 million for the quarter, compared to analysts’ expectations of $128.30 million.

Viomi Technology Trading Up 7.0%

Viomi Technology stock opened at $0.81 on Thursday. Viomi Technology has a 12-month low of $0.66 and a 12-month high of $3.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.43 and a current ratio of 2.60. The firm has a 50-day moving average price of $0.78 and a 200-day moving average price of $1.01.

Wall Street Analyst Weigh In

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

Institutional Trading of Viomi Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIOT. JPMorgan Chase & Co. purchased a new position in shares of Viomi Technology during the second quarter valued at approximately $410,000. Two Sigma Investments LP bought a new position in shares of Viomi Technology during the third quarter valued at approximately $525,000. Barclays PLC raised its holdings in shares of Viomi Technology by 38.7% in the fourth quarter. Barclays PLC now owns 253,980 shares of the company’s stock worth $467,000 after buying an additional 70,810 shares during the period. Verdad Advisers LP purchased a new stake in shares of Viomi Technology in the fourth quarter worth approximately $97,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Viomi Technology by 112.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 65,057 shares of the company’s stock worth $120,000 after acquiring an additional 34,404 shares during the last quarter. 1.22% of the stock is owned by hedge funds and other 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.