ValuEngine Downgrades Huami (NYSE:HMI) to Hold

Huami (NYSE:HMI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

Shares of Huami stock traded up $0.06 on Friday, hitting $9.95. The company had a trading volume of 227,815 shares, compared to its average volume of 282,881. The firm has a market capitalization of $554.52 million, a P/E ratio of 10.14 and a beta of 2.60. Huami has a twelve month low of $7.27 and a twelve month high of $19.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.13 and a quick ratio of 1.74. The stock has a 50-day moving average of $9.46 and a 200-day moving average of $9.89.

Huami (NYSE:HMI) last released its quarterly earnings results on Monday, August 19th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.52). The company had revenue of $151.31 million during the quarter. Huami had a net margin of 9.74% and a return on equity of 21.46%.

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Hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Huami by 5,219.3% in the second quarter. Invesco Ltd. now owns 822,254 shares of the company’s stock worth $8,222,000 after purchasing an additional 806,796 shares in the last quarter. Monashee Investment Management LLC lifted its position in shares of Huami by 43.1% in the second quarter. Monashee Investment Management LLC now owns 30,969 shares of the company’s stock worth $310,000 after purchasing an additional 9,332 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Huami in the second quarter worth $134,000. Athos Capital Ltd bought a new stake in shares of Huami in the second quarter worth $3,799,000. Finally, Wells Fargo & Company MN lifted its position in shares of Huami by 49.7% in the second quarter. Wells Fargo & Company MN now owns 5,319,259 shares of the company’s stock worth $53,192,000 after purchasing an additional 1,766,329 shares in the last quarter. 22.00% of the stock is currently owned by institutional investors and hedge funds.

Huami Company Profile

Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.

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