Viomi Technology (NASDAQ:VIOT) Coverage Initiated by Analysts at Weiss Ratings

Key Points

• Analysts at Weiss Ratings have initiated coverage of Viomi Technology, setting a "sell (d+)" rating on the stock.
• On the other hand, Wall Street Zen upgraded Viomi Technology from a "hold" to a "buy" rating, highlighting a mixed outlook from analysts.
• Viomi Technology's stock recently dropped by 5.4%, with a current price of $3.16, showing volatility within a 12-month range of $1.21 to $4.33.

Investment analysts at Weiss Ratings began coverage on shares of Viomi Technology (NASDAQ:VIOT - Get Free Report) in a research report issued on Wednesday,Weiss Ratings reports. The brokerage set a "sell (d+)" rating on the stock.

Separately, Wall Street Zen upgraded shares of Viomi Technology from a "hold" rating to a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

Viomi Technology Stock Down 5.4%

NASDAQ:VIOT traded down $0.18 during midday trading on Wednesday, reaching $3.16. The stock had a trading volume of 287,094 shares, compared to its average volume of 316,200. The firm has a fifty day simple moving average of $3.45 and a two-hundred day simple moving average of $2.34. Viomi Technology has a 12-month low of $1.21 and a 12-month high of $4.33. The stock has a market cap of $215.58 million, a P/E ratio of 52.67 and a beta of 0.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Viomi Technology stock. JPMorgan Chase & Co. bought a new stake in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 303,531 shares of the company's stock, valued at approximately $410,000. JPMorgan Chase & Co. owned about 0.44% of Viomi Technology at the end of the most recent quarter. Institutional investors own 1.22% of the company's stock.

Viomi Technology Company Profile

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.

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