Viomi Technology (NASDAQ:VIOT) Raised to “Buy” at Wall Street Zen

Viomi Technology (NASDAQ:VIOT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings began coverage on shares of Viomi Technology in a research report on Wednesday, October 8th. They set a “sell (d+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Viomi Technology Stock Down 3.9%

Shares of NASDAQ VIOT opened at $2.23 on Friday. The business has a 50-day moving average price of $2.75 and a 200 day moving average price of $2.78. The stock has a market cap of $151.51 million, a PE ratio of -6.03 and a beta of 0.23. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.04. Viomi Technology has a 52-week low of $1.21 and a 52-week high of $4.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VIOT. Acadian Asset Management LLC lifted its holdings in shares of Viomi Technology by 2.5% during the first quarter. Acadian Asset Management LLC now owns 696,888 shares of the company’s stock worth $1,073,000 after purchasing an additional 16,678 shares during the period. JPMorgan Chase & Co. acquired a new position in Viomi Technology in the 2nd quarter valued at $410,000. Two Sigma Investments LP purchased a new position in Viomi Technology during the 3rd quarter worth $525,000. Oasis Management Co Ltd. acquired a new stake in shares of Viomi Technology in the 3rd quarter worth $334,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Viomi Technology in the third quarter valued at about $200,000. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

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 air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.