Wall Street Zen downgraded shares of Viomi Technology (NASDAQ:VIOT - Free Report) from a buy rating to a hold rating in a research note released on Friday morning.
Viomi Technology Stock Up 2.3%
Shares of VIOT stock traded up $0.03 during trading on Friday, reaching $1.35. The company's stock had a trading volume of 380,322 shares, compared to its average volume of 199,979. The business has a fifty day moving average price of $1.36 and a 200-day moving average price of $1.48. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.97 and a current ratio of 2.07. Viomi Technology has a one year low of $0.83 and a one year high of $2.38.
Institutional Trading of Viomi Technology
Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its holdings in 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 buying an additional 16,678 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Viomi Technology in the fourth quarter valued at about $26,000. Finally, Renaissance Technologies LLC grew its stake in shares of Viomi Technology by 50.8% in the fourth quarter. Renaissance Technologies LLC now owns 143,764 shares of the company's stock valued at $210,000 after acquiring an additional 48,400 shares in the last quarter. Institutional investors own 1.22% of the company's stock.
About Viomi Technology
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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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