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

Viomi Technology logo with Computer and Technology background

Key Points

  • Viomi Technology has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive shift in investor sentiment.
  • The company’s shares experienced a significant increase, trading up by 9.8% to $3.47, reflecting growing market confidence.
  • Acadian Asset Management recently increased its stake in Viomi Technology, owning about 1.02% of the company after raising its holdings, highlighting institutional interest.
  • MarketBeat previews the top five stocks to own by November 1st.

Viomi Technology (NASDAQ:VIOT - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

Viomi Technology Trading Up 9.8%

Shares of VIOT stock opened at $3.47 on Monday. The stock has a market cap of $236.72 million, a P/E ratio of 57.83 and a beta of 0.20. The stock has a 50 day simple moving average of $3.44 and a 200 day simple moving average of $2.31. Viomi Technology has a 1 year low of $1.21 and a 1 year high of $4.33.

Institutional Investors Weigh In On Viomi Technology

A hedge fund recently raised its stake in Viomi Technology stock. Acadian Asset Management LLC boosted its holdings in shares of Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 696,888 shares of the company's stock after purchasing an additional 16,678 shares during the period. Acadian Asset Management LLC owned about 1.02% of Viomi Technology worth $1,073,000 at the end of the most recent quarter. Institutional investors own 1.22% of the company's stock.

About Viomi Technology

(Get Free Report)

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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