Zepp Health (NYSE:ZEPP) Trading Down 3.5% - Here's What Happened

Key Points

• Zepp Health Corporation saw its stock price decline by 3.5% during trading, reaching a low of $48.75 and trading last at $49.49.
• Despite the stock's recent drop, Wall Street analysts have given Zepp Health a consensus rating of "Buy" with a price target of $60.23.
• The company operates in the smart wearable technology sector, with brands including Amazfit, and has a market capitalization of approximately $711.73 million.

Shares of Zepp Health Corporation Sponsored ADR (NYSE:ZEPP - Get Free Report) dropped 3.5% during trading on Tuesday . The stock traded as low as $48.75 and last traded at $49.49. Approximately 28,307 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 291,839 shares. The stock had previously closed at $51.30.

Wall Street Analysts Forecast Growth

ZEPP has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Zepp Health to a "hold" rating in a research note on Saturday, August 16th. Fundamental Research set a $60.23 price target on shares of Zepp Health and gave the stock a "buy" rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Zepp Health presently has a consensus rating of "Buy" and a consensus price target of $60.23.

Zepp Health Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 1.10. The firm has a market capitalization of $711.73 million, a P/E ratio of -10.16 and a beta of 1.31. The stock's 50 day simple moving average is $32.85 and its 200 day simple moving average is $13.40.

Zepp Health Company Profile

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.

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