Zepp Health (NYSE:ZEPP) Trading Down 7.9% - Time to Sell?

Key Points

• Zepp Health's shares fell by 7.9%, trading down to $43.91 from a previous close of $47.68, with a significant decline in volume.
• Despite recent price declines, Wall Street analysts maintain a consensus rating of "Buy" for Zepp Health, with a target price of $60.23.
• The company has a market cap of $653.08 million and operates in smart wearable technology, focusing on health and wellness through brands like Amazfit.

Zepp Health Corporation Sponsored ADR (NYSE:ZEPP - Get Free Report)'s share price traded down 7.9% during trading on Tuesday . The stock traded as low as $44.50 and last traded at $43.91. 81,814 shares were traded during trading, a decline of 72% from the average session volume of 290,171 shares. The stock had previously closed at $47.68.

Wall Street Analysts Forecast Growth

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

Zepp Health Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 0.78. The firm has a market cap of $653.08 million, a price-to-earnings ratio of -9.28 and a beta of 1.31. The firm has a fifty day simple moving average of $36.25 and a two-hundred day simple moving average of $14.95.

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.

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