Huami (NYSE:HMI) Downgraded by ValuEngine

ValuEngine lowered shares of Huami (NYSE:HMI) from a buy rating to a hold rating in a research report released on Friday, ValuEngine reports.

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Huami stock traded up $0.06 during mid-day trading on Friday, reaching $9.95. 227,815 shares of the company were exchanged, compared to its average volume of 282,881. Huami has a twelve month low of $7.27 and a twelve month high of $19.66. The firm’s 50-day simple moving average is $9.46 and its two-hundred day simple moving average is $9.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 2.13. The firm has a market cap of $554.52 million, a PE ratio of 10.14 and a beta of 2.60.

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

Several institutional investors and hedge funds have recently bought and sold shares of HMI. Wells Fargo & Company MN lifted its holdings in shares of Huami by 49.7% in the 2nd quarter. Wells Fargo & Company MN now owns 5,319,259 shares of the company’s stock valued at $53,192,000 after buying an additional 1,766,329 shares during the period. Invesco Ltd. lifted its holdings in shares of Huami by 5,219.3% in the 2nd quarter. Invesco Ltd. now owns 822,254 shares of the company’s stock valued at $8,222,000 after buying an additional 806,796 shares during the period. Athos Capital Ltd acquired a new stake in shares of Huami in the 2nd quarter valued at approximately $3,799,000. Marshall Wace LLP lifted its holdings in shares of Huami by 1,021.5% in the 2nd quarter. Marshall Wace LLP now owns 264,401 shares of the company’s stock valued at $2,644,000 after buying an additional 240,825 shares during the period. Finally, Man Group plc acquired a new position in Huami during the second quarter worth $1,495,000. 22.00% of the stock is owned by institutional investors and hedge funds.

About Huami

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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