Viomi Technology (VIOT) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of Viomi Technology (NASDAQ:VIOT) from a buy rating to a hold rating in a research note published on Monday, February 4th.

Several other equities research analysts have also weighed in on VIOT. Needham & Company LLC started coverage on shares of Viomi Technology in a report on Monday, October 22nd. They issued a buy rating and a $10.00 target price on the stock. Morgan Stanley started coverage on shares of Viomi Technology in a report on Monday, October 22nd. They issued an overweight rating and a $12.90 target price on the stock.

Shares of VIOT stock traded down $0.07 during mid-day trading on Monday, reaching $11.32. The company’s stock had a trading volume of 63,289 shares, compared to its average volume of 34,078. Viomi Technology has a 1-year low of $7.24 and a 1-year high of $12.29.

Institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley bought a new stake in Viomi Technology during the 3rd quarter worth about $16,096,000. Capital Research Global Investors bought a new stake in Viomi Technology during the 3rd quarter worth about $15,318,000. Pictet Asset Management Ltd. bought a new stake in Viomi Technology during the 3rd quarter worth about $9,000,000. CI Investments Inc. grew its holdings in Viomi Technology by 0.5% during the 4th quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock worth $5,880,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in Viomi Technology during the 3rd quarter worth about $5,400,000. 14.14% of the stock is currently owned by institutional investors and hedge funds.

About Viomi Technology

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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