Viomi Technology (NASDAQ:VIOT) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• Viomi reported $0.01 EPS for the quarter, missing analysts' consensus of $0.07 by $0.06.
• The stock trades around $1.36 with a market cap of $92.4 million and a negative trailing P/E of -6.48, and its 50-day ($1.38) sits well below the 200-day ($2.22), reflecting downside pressure from its 12‑month high of $4.33.
• Institutional players including JPMorgan and Two Sigma recently built positions even as overall hedge fund ownership is only 1.22%, while analyst coverage is mixed and the average rating is a "Sell".

Viomi Technology (NASDAQ:VIOT - Get Free Report) posted its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06), FiscalAI reports.

Viomi Technology Stock Up 1.5%

Shares of NASDAQ:VIOT opened at $1.36 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. Viomi Technology has a 12 month low of $1.18 and a 12 month high of $4.33. The company has a 50-day moving average price of $1.38 and a 200 day moving average price of $2.22. The company has a market cap of $92.40 million, a price-to-earnings ratio of -6.48 and a beta of 0.32.

Institutional Investors Weigh In On Viomi Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIOT. JPMorgan Chase & Co. bought a new stake in shares of Viomi Technology during the 2nd quarter worth approximately $410,000. Two Sigma Investments LP bought a new position in Viomi Technology in the 3rd quarter valued at $525,000. Barclays PLC increased its stake in 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 purchasing an additional 70,810 shares during the period. Verdad Advisers LP bought a new stake in shares of Viomi Technology during the fourth quarter worth $97,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Viomi Technology by 112.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 65,057 shares of the company's stock worth $120,000 after purchasing an additional 34,404 shares during the last quarter. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIOT has been the topic of a number of research reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Viomi Technology in a research note on Wednesday, January 21st. Wall Street Zen upgraded Viomi Technology from a "hold" rating to a "buy" rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Viomi Technology Company Profile

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.

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