Cloud-connected home appliance maker Viomi Technology (VIOT, Financial) saw its stock price drop by 6.02%, trading at $1.53 with a trading volume of 116,826 shares and a turnover rate of 0.17%. The stock experienced a price amplitude of 4.28%.
Viomi's recent financial report indicated a revenue of $144 million and a net profit of $829,162, which translates to earnings of $0.01 per share. The company's gross profit stood at $35.77 million with a negative price-to-earnings ratio of -34.14. No institutional rating updates for buy, hold, or sell have been reported.
Within the household appliances sector, where Viomi operates, the overall decline was 0.47%. Notable performers in this sector include Fgi Industries Ltd., Aterian, Inc., and Energy Focus, Inc., which saw significant gains. Stocks such as The Lovesac Company, Irobot Corporation, and Whirlpool showed substantial activity with turnover rates at 1.01%, 0.90%, and 0.67% respectively. Aterian, Inc. and Fgi Industries Ltd. were among those with significant price fluctuations.
Viomi Technology specializes in IoT-enabled smart home products, providing a comprehensive IoT home platform. Its offerings include smart kitchen appliances such as refrigerators, steam ovens, dishwashers, and gas stoves, as well as air conditioning systems, washing machines, water heaters, smart kettles, and interactive smart screens. The company also offers home water solutions under its own and Xiaomi brands.
