Two Sigma Investments LP Cuts Stake in Viomi Technology Co Ltd – (NASDAQ:VIOT)

Two Sigma Investments LP lessened its holdings in Viomi Technology Co Ltd – (NASDAQ:VIOT) by 40.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,153 shares of the company’s stock after selling 28,514 shares during the quarter. Two Sigma Investments LP owned 0.06% of Viomi Technology worth $183,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Capital International Investors grew its stake in shares of Viomi Technology by 38.9% during the fourth quarter. Capital International Investors now owns 1,199,200 shares of the company’s stock valued at $9,642,000 after buying an additional 335,850 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in Viomi Technology by 22.3% during the 1st quarter. Pictet Asset Management Ltd. now owns 978,173 shares of the company’s stock valued at $4,255,000 after acquiring an additional 178,173 shares during the period. Capital International Inc. CA bought a new position in Viomi Technology during the 4th quarter worth approximately $4,011,000. Renaissance Technologies LLC increased its stake in Viomi Technology by 254.8% in the 4th quarter. Renaissance Technologies LLC now owns 228,390 shares of the company’s stock worth $1,836,000 after purchasing an additional 164,026 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Viomi Technology during the fourth quarter valued at approximately $897,000. 15.90% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on VIOT. Zacks Investment Research raised Viomi Technology from a “sell” rating to a “hold” rating in a research note on Thursday, June 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.50 target price on shares of Viomi Technology in a research report on Wednesday, May 27th. BidaskClub cut shares of Viomi Technology from a “sell” rating to a “strong sell” rating in a research report on Friday, May 22nd. Finally, ValuEngine upgraded shares of Viomi Technology from a “sell” rating to a “hold” rating in a report on Monday, June 1st.

Shares of VIOT stock opened at $5.30 on Wednesday. The business’s fifty day moving average is $5.46 and its 200 day moving average is $6.38. The company has a quick ratio of 1.86, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The stock has a market cap of $369.89 million, a price-to-earnings ratio of 9.81 and a beta of 1.93. Viomi Technology Co Ltd – has a twelve month low of $4.20 and a twelve month high of $10.80.

Viomi Technology (NASDAQ:VIOT) last released its earnings results on Tuesday, May 26th. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.09). Viomi Technology had a return on equity of 22.40% and a net margin of 5.69%. The business had revenue of $108.11 million during the quarter. Equities research analysts expect that Viomi Technology Co Ltd – will post 0.34 earnings per share for the current fiscal year.

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.

See Also: Book Value Per Share – BVPS

Want to see what other hedge funds are holding VIOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viomi Technology Co Ltd – (NASDAQ:VIOT).

Institutional Ownership by Quarter for Viomi Technology (NASDAQ:VIOT)

Receive News & Ratings for Viomi Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viomi Technology and related companies with MarketBeat.com's FREE daily email newsletter.