Viomi Technology (NASDAQ:VIOT) Trading 1.9% Higher – Here’s What Happened

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

Viomi Technology Stock Performance

The stock has a fifty day moving average of $1.45 and a two-hundred day moving average of $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 Investors Weigh In On Viomi Technology

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 48,400 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Viomi Technology during the third quarter valued at about $49,000. Finally, Virtu Financial LLC bought a new position in shares of Viomi Technology during the fourth quarter valued at about $26,000. 1.22% of the stock is currently owned by institutional investors.

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.