Viomi Technology (NASDAQ:VIOT) Posts Earnings Results, Beats Expectations By $0.01 EPS

Viomi Technology (NASDAQ:VIOT) released its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01, reports. The firm had revenue of $169.00 million for the quarter. Viomi Technology updated its Q3 2019 guidance to EPS.

Shares of VIOT stock traded down $0.57 during trading hours on Thursday, reaching $8.66. 500 shares of the stock traded hands, compared to its average volume of 58,280. Viomi Technology has a 1-year low of $7.24 and a 1-year high of $15.84. The business has a fifty day moving average price of $9.00 and a 200 day moving average price of $9.88. The firm has a market capitalization of $631.02 million and a PE ratio of 30.93.

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new stake in shares of Viomi Technology during the 2nd quarter worth $33,000. Hershey Trust Co. bought a new stake in Viomi Technology in the 2nd quarter valued at $76,000. Invesco Ltd. bought a new stake in Viomi Technology in the 2nd quarter valued at $104,000. Prospera Financial Services Inc bought a new stake in Viomi Technology in the 1st quarter valued at $152,000. Finally, Citadel Advisors LLC bought a new stake in Viomi Technology in the 2nd quarter valued at $139,000. Hedge funds and other institutional investors own 12.07% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Viomi Technology from a “hold” rating to a “sell” rating in a report on Saturday, July 13th.

Viomi Technology Company Profile

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 smart water kettles, washing machines, water heaters, and others.

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