Viomi Technology (NASDAQ:VIOT) Releases Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Viomi Technology (NASDAQ:VIOT) announced its quarterly earnings results on Wednesday. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.21), Yahoo Finance reports. Viomi Technology had a return on equity of 19.06% and a net margin of 3.84%. During the same quarter last year, the business posted $0.12 EPS. Viomi Technology updated its Q4 2021 guidance to EPS.

Viomi Technology stock remained flat at $$3.51 during mid-day trading on Friday. 227,906 shares of the company’s stock were exchanged, compared to its average volume of 635,313. Viomi Technology has a 12-month low of $3.29 and a 12-month high of $18.99. The stock’s 50 day simple moving average is $4.54 and its 200 day simple moving average is $6.05. The stock has a market cap of $246.24 million, a price-to-earnings ratio of 7.02 and a beta of 1.29.

VIOT has been the topic of several analyst reports. TheStreet lowered shares of Viomi Technology from a “c-” rating to a “d+” rating in a research note on Friday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.50 price objective on shares of Viomi Technology in a report on Thursday, August 26th. Finally, Zacks Investment Research downgraded shares of Viomi Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 23rd.

Institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its holdings in Viomi Technology by 451.1% in the 3rd quarter. Morgan Stanley now owns 12,730 shares of the company’s stock valued at $58,000 after purchasing an additional 10,420 shares during the period. Jane Street Group LLC bought a new stake in Viomi Technology in the 3rd quarter valued at $59,000. Two Sigma Advisers LP bought a new position in shares of Viomi Technology during the 3rd quarter worth about $63,000. Citadel Advisors LLC bought a new position in shares of Viomi Technology during the 2nd quarter worth about $111,000. Finally, Invesco Ltd. lifted its holdings in shares of Viomi Technology by 23.1% during the 3rd quarter. Invesco Ltd. now owns 26,876 shares of the company’s stock worth $123,000 after acquiring an additional 5,052 shares during the period. 4.89% of the stock is owned by hedge funds and other institutional investors.

Viomi Technology Company Profile

Viomi Technology Co, Ltd. is a holding company, which engages in the development and sale of Internet-of-thing (IoT) enabled smart home products. It offers oven steamer, range hood, refrigerator, water purifier, and washing machine. The company was founded by Xiao Ping Chen in May 2014 and is headquartered in Guangzhou, China.

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Earnings History for Viomi Technology (NASDAQ:VIOT)

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