May 28, 2024

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Viomi Technology (NASDAQ:VIOT) Posts Quarterly Earnings Results, Misses Expectations By $2.46 EPS


Viomi Technological innovation (NASDAQ:VIOTGet Rating) issued its earnings success on Friday. The company noted ($.60) earnings per share for the quarter, missing the consensus estimate of $1.86 by ($2.46), Fidelity Earnings reports. Viomi Engineering had a internet margin of 1.66% and a return on fairness of 8.27%. Through the identical quarter very last year, the business attained $.13 EPS. Viomi Technological know-how up-to-date its Q2 2022 direction to EPS.

Shares of NASDAQ VIOT traded down $.13 all through investing on Friday, reaching $1.47. The enterprise had a buying and selling volume of 248,495 shares, as opposed to its typical volume of 55,152. Viomi Technologies has a 52 7 days low of $1.14 and a 52 week high of $9.50. The inventory has a marketplace cap of $103.24 million, a PE ratio of -73.50 and a beta of 1.25. The business has a debt-to-equity ratio of .01, a speedy ratio of 1.49 and a present-day ratio of 1.85. The business’s 50 working day going ordinary value is $1.62 and its 200-day relocating ordinary price tag is $2.14.

Quite a few hedge cash and other institutional buyers have a short while ago made improvements to their positions in VIOT. Morgan Stanley elevated its stake in shares of Viomi Technological innovation by 451.1% in the third quarter. Morgan Stanley now owns 12,730 shares of the company’s stock really worth $58,000 soon after getting an additional 10,420 shares during the final quarter. Jane Road Group LLC purchased a new position in shares of Viomi Know-how in the 3rd quarter well worth about $59,000. Two Sigma Advisers LP acquired a new place in shares of Viomi Know-how in the 3rd quarter truly worth about $63,000. Citadel Advisors LLC purchased a new posture in shares of Viomi Technologies in the next quarter well worth about $111,000. Last but not least, Renaissance Systems LLC lifted its stake in shares of Viomi Technology by 50.5% in the initially quarter. Renaissance Systems LLC now owns 65,864 shares of the company’s stock worthy of $115,000 just after buying an supplemental 22,100 shares in the course of the past quarter.

Independently, Zacks Financial investment Research upgraded shares of Viomi Know-how from a “sell” ranking to a “hold” ranking in a research report on Wednesday, March 30th.

About Viomi Technologies (Get Rating)

Viomi Engineering Co, Ltd, by means of its subsidiaries, develops and sells World-wide-web-of-points-enabled (IoT-enabled) smart residence goods in the People’s Republic of China. The firm delivers IoT-enabled good dwelling items, which includes wise h2o purification devices sensible kitchen products, such as fridges, oven steamers, dishwashers, array hoods, and gasoline stoves and other sensible products and solutions comprising air conditioning programs, washing machines, h2o heaters, good h2o kettles, sweeper robots, smart locks, smart Tv set, and other smart products.

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Earnings History for Viomi Technology (NASDAQ:VIOT)

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