Viomi Technology (NASDAQ:VIOT) Receives Sell (D+) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D+)" rating for Viomi Technology (NASDAQ:VIOT), indicating cautious sentiment from analysts.
• In a **contrasting move**, Wall Street Zen upgraded Viomi Technology's rating from "hold" to "buy," which presents a divided outlook on the stock's potential.
• Viomi Technology shares have seen significant trading volume of 9,974,878, over 30 times its average, with a recent price increase to $3.38.

Viomi Technology (NASDAQ:VIOT - Get Free Report)'s stock had its "sell (d+)" rating reiterated by Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Viomi Technology from a "hold" rating to a "buy" rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Viomi Technology currently has a consensus rating of "Sell".

Viomi Technology Stock Performance

Shares of VIOT traded up $0.58 during midday trading on Friday, reaching $3.38. The stock had a trading volume of 9,974,878 shares, compared to its average volume of 299,870. The firm has a 50 day simple moving average of $3.29 and a 200-day simple moving average of $2.43. Viomi Technology has a one year low of $1.21 and a one year high of $4.33.

Institutional Trading of Viomi Technology

A hedge fund recently bought a new stake in Viomi Technology stock. JPMorgan Chase & Co. acquired a new position in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 303,531 shares of the company's stock, valued at approximately $410,000. JPMorgan Chase & Co. owned approximately 0.44% of Viomi Technology as of its most recent SEC filing. 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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