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Viomi Technology (NASDAQ:VIOT) Shares Up 1.9% - Should You Buy?

Viomi Technology logo with Computer and Technology background

Shares of Viomi Technology Co., Ltd (NASDAQ:VIOT - Get Free Report) shot up 1.9% on Friday . The stock traded as high as $1.72 and last traded at $1.61. 68,549 shares changed hands during trading, a decline of 39% from the average session volume of 111,751 shares. The stock had previously closed at $1.58.

Viomi Technology Stock Performance

The company's fifty day moving average price is $1.45 and its two-hundred day moving average price is $1.45. The company has a current ratio of 1.79, a quick ratio of 1.49 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in Viomi Technology by 50.8% in the fourth quarter. Renaissance Technologies LLC now owns 143,764 shares of the company's stock valued at $210,000 after buying an additional 48,400 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Viomi Technology in the third quarter valued at approximately $49,000. Finally, Virtu Financial LLC purchased a new position in Viomi Technology in the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 1.22% of the company's stock.

Viomi Technology Company Profile

(Get Free Report)

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, and other smart devices, as well as blenders.

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