Zepp Health (NYSE:ZEPP) Shares Gap Down - Here's What Happened

Key Points

• Zepp Health shares experienced a gap down in price, opening at $48.25, down from a previous close of $50.01, with last traded shares at $49.26.
• Analysts have mixed views on the stock; it received a "hold" rating from Wall Street Zen and a "buy" rating with a $60.23 target from Fundamental Research.
• The company's market capitalization stands at $713.52 million, and it operates primarily in smart wearable and health technology sectors.

Zepp Health Corporation Sponsored ADR (NYSE:ZEPP - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $50.01, but opened at $48.25. Zepp Health shares last traded at $49.26, with a volume of 34,243 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Zepp Health to a "hold" rating in a report on Saturday, August 16th. Fundamental Research set a $60.23 target price on shares of Zepp Health and gave the company a "buy" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Zepp Health currently has a consensus rating of "Buy" and an average price target of $60.23.

Zepp Health Stock Performance

The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The company has a market cap of $679.83 million, a PE ratio of -9.72 and a beta of 1.33. The stock's 50 day simple moving average is $29.64 and its two-hundred day simple moving average is $12.07.

About Zepp Health

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.