Viomi Technology (NASDAQ:VIOT) Trading Up 1.9% – Time to Buy?

Shares of Viomi Technology Co., Ltd (NASDAQ:VIOT) rose 1.9% during trading on Friday . The company traded as high as $1.72 and last traded at $1.61. Approximately 68,549 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 111,751 shares. The stock had previously closed at $1.58.

Viomi Technology Price Performance

The firm’s 50 day moving average is $1.45 and its 200 day moving average is $1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.49 and a current ratio of 1.79.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Viomi Technology during the fourth quarter worth about $26,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Viomi Technology in the 3rd quarter valued at about $49,000. Finally, Renaissance Technologies LLC boosted its position in shares of Viomi Technology by 50.8% during the 4th quarter. Renaissance Technologies LLC now owns 143,764 shares of the company’s stock valued at $210,000 after acquiring an additional 48,400 shares during the last quarter. Institutional investors own 1.22% of the company’s stock.

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 air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.