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

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


Viomi Technology (NASDAQ: VIOT – Get Rating) announced its quarterly earnings results on Friday. The company reported ($ 0.60) earnings per share for the quarter, missing analysts ’consensus estimates of $ 1.86 to ($ 2.46), Fidelity Earnings reports. Viomi Technology has a return on equity of 8.27% and a net margin of 1.66%. In the same quarter last year, the company earned $ 0.13 EPS. Viomi Technology has updated its Q2 2022 EPS guidance.

Shares of VIOT stock traded at $ 0.13 during trading hours on Friday, hitting $ 1.47. 248,495 shares of the company were replaced, compared to its average number of 55,152. The company has a debt-to-equity ratio of 0.01, an immediate ratio of 1.49 and a current ratio of 1.85. Viomi Technology has a one -year low of $ 1.14 and a one -year high of $ 9.50. The 50-day simple moving average of the business is $ 1.62 and its two hundred day simple moving average is $ 2.14. The stock has a market capitalization of $ 103.24 million, price-to-earnings ratio of -73.50 and beta of 1.25.

Separately, Zacks Investment Research raised shares in Viomi Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th.

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A number of institutional investors and hedge funds have recently increased or decreased their stakes in the stock. Morgan Stanley raised its stake in shares of Viomi Technology by 451.1% in the third quarter. Morgan Stanley now owns 12,730 shares of the company’s stock worth $ 58,000 after buying an additional 10,420 shares over the period. Jane Street Group LLC acquired a new stake in shares of Viomi Technology in the third quarter valued at approximately $ 59,000. Two Sigma Advisers LP acquired a new stake in shares in Viomi Technology in the third quarter valued at and estimated at $ 63,000. Citadel Advisors LLC acquired a new stake in shares of Viomi Technology in the second quarter valued at approximately $ 111,000. Finally, Renaissance Technologies LLC increased its stake in shares of Viomi Technology by 50.5% in the first quarter. Renaissance Technologies LLC now owns 65,864 shares of the company’s stock valued at $ 115,000 after purchasing an additional 22,100 shares over the period.

Company Profile of Viomi Technology (Get a Rating)

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 including air conditioning system, washing machine, water heater, smart water kettles, sweeper robots, smart lock, smart TV, and other smart devices.

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Revenue History for Viomi Technology (NASDAQ: VIOT)

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