Huami (NYSE:HMI) Downgraded to Hold at ValuEngine

ValuEngine cut shares of Huami (NYSE:HMI) from a buy rating to a hold rating in a research note issued to investors on Friday, ValuEngine reports.

NYSE:HMI traded up $0.06 during trading hours on Friday, hitting $9.95. The company had a trading volume of 227,815 shares, compared to its average volume of 282,881. The company has a current ratio of 2.13, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $9.46 and a 200 day moving average of $9.89. The company has a market cap of $554.52 million, a P/E ratio of 10.14 and a beta of 2.60. Huami has a 1 year low of $7.27 and a 1 year high of $19.66.

Huami (NYSE:HMI) last issued its earnings results on Monday, August 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.52). The company had revenue of $151.31 million during the quarter. Huami had a net margin of 9.74% and a return on equity of 21.46%.

Institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Huami by 5,219.3% in the 2nd quarter. Invesco Ltd. now owns 822,254 shares of the company’s stock valued at $8,222,000 after purchasing an additional 806,796 shares during the last quarter. Monashee Investment Management LLC lifted its stake in shares of Huami by 43.1% in the 2nd quarter. Monashee Investment Management LLC now owns 30,969 shares of the company’s stock valued at $310,000 after purchasing an additional 9,332 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Huami in the 2nd quarter valued at $134,000. Athos Capital Ltd acquired a new position in shares of Huami in the 2nd quarter valued at $3,799,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Huami by 49.7% in the 2nd quarter. Wells Fargo & Company MN now owns 5,319,259 shares of the company’s stock valued at $53,192,000 after purchasing an additional 1,766,329 shares during the last quarter. 22.00% of the stock is currently owned by institutional investors and hedge funds.

About Huami

Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.

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