Viomi Technology (NASDAQ:VIOT) Stock Rating Upgraded by Wall Street Zen

Key Points

• Viomi Technology's stock rating has been upgraded from "hold" to "buy" by analysts at Wall Street Zen.
• The company recently experienced a stock price decline of 2.1%, with shares currently trading at $3.30.
• JPMorgan Chase & Co. has invested approximately $410,000 by purchasing new shares in Viomi Technology during the second quarter.

Viomi Technology (NASDAQ:VIOT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Viomi Technology Stock Down 2.1%

NASDAQ:VIOT opened at $3.30 on Friday. The company has a market capitalization of $225.13 million, a PE ratio of 55.00 and a beta of 0.22. The firm's 50-day moving average price is $3.44 and its 200-day moving average price is $2.20. Viomi Technology has a 1-year low of $1.21 and a 1-year high of $4.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.07 and a quick ratio of 1.97.

Hedge Funds Weigh In On Viomi Technology

An institutional investor recently bought a new position in Viomi Technology stock. JPMorgan Chase & Co. purchased a new position in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 303,531 shares of the company's stock, valued at approximately $410,000. JPMorgan Chase & Co. owned approximately 0.44% of Viomi Technology at the end of the most recent reporting period. 1.22% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.