|Bid||10.44 x 1100|
|Ask||10.40 x 1000|
|Day's Range||10.15 - 11.15|
|52 Week Range||4.20 - 18.99|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 25, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 27, 2019|
|1y Target Est||9.47|
Viomi Tech (NASDAQ:VIOT) stock is on the rise Friday despite a lack of news about the company coming out today. Source: Shutterstock That increase in price comes alongside heavy trading of VIOT stock. As of this writing, more than 26 million shares have changed hands. That’s an incredible spike in trading compared to its daily average trading volume of roughly 407,000 shares. So why exactly is VIOT stock up on Friday? The company doesn’t have any new press releases or SEC filings. Instead, it looks like this is continued movement from a rally on Thursday. That saw the stock gain 21.9%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 Overvalued Stocks Investors Just Don’t Get Tired Of With that in mind, here’s what investors in VIOT stock need to know about the company before diving in. Viomi Tech is an Internet of Things (IoT) company that offers its own platform of connected products. The smart products offered by the company include purification systems, refrigerators, range hoods, washing machines, and more. It’s worth noting that a major partner of the company is Xiaomi, which also holds a stake in VIOT stock. Working with Xiaomi gives Viomi Tech access to its platform. That includes its “ecosystem users, market and data resources and related support.” Viomi Tech’s main target is the new young, modern middle class of customers in China. The company is led by founder, chairman and CEO Xiaoping Chen. It was created in 2014 and joined the public market in 2018. VIOT stock was up 54.8% as of Friday afternoon. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post VIOT Stock: 8 Things to Know About IoT Play Viomi Tech as Shares Rocket appeared first on InvestorPlace.
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