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

Clara D. Flaherty

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Viomi Technology (NASDAQ:VIOTGet Rating) issued its earnings results on Friday. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $1.86 by ($2.46), Fidelity Earnings reports. Viomi Technology had a net margin of 1.66% and a return on equity of 8.27%. During the same quarter last year, the business earned $0.13 EPS. Viomi Technology updated its Q2 2022 guidance to EPS.

Shares of NASDAQ VIOT traded down $0.13 during trading on Friday, reaching $1.47. The company had a trading volume of 248,495 shares, compared to its average volume of 55,152. Viomi Technology has a 52 week low of $1.14 and a 52 week high of $9.50. The stock has a market cap of $103.24 million, a PE ratio of -73.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.85. The business’s 50 day moving average price is $1.62 and its 200-day moving average price is $2.14.

Several hedge funds and other institutional investors have recently made changes to their positions in VIOT. 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 acquiring an additional 10,420 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Viomi Technology in the third quarter worth about $59,000. Two Sigma Advisers LP bought a new position in shares of Viomi Technology in the third quarter worth about $63,000. Citadel Advisors LLC bought a new position in shares of Viomi Technology in the second quarter worth about $111,000. Finally, Renaissance Technologies LLC raised 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 worth $115,000 after acquiring an additional 22,100 shares during the last quarter.

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

About Viomi Technology (Get 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 comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, smart TV, and other smart devices.

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Earnings History for Viomi Technology (NASDAQ:VIOT)



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