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Viomi Technology Co ( (VIOT) ) has shared an update.
Viomi Technology Co., Ltd announced the dismissal of PricewaterhouseCoopers Zhong Tian LLP as its independent registered public accounting firm, replacing it with WWC, P.C. effective June 17, 2025. This change is part of a broader effort to restate financial information due to a business reorganization in August 2024. The company is also conducting an independent investigation into certain loan transactions identified by PwC, which had not expanded its audit scope before its dismissal.
Spark’s Take on VIOT Stock
According to Spark, TipRanks’ AI Analyst, VIOT is a Neutral.
Viomi Technology Co’s stock score is primarily impacted by its financial performance, with declining revenues, ongoing losses, and negative cash flows. Technical analysis shows weak momentum, while valuation is challenged by a negative P/E ratio and no dividend yield. These factors together indicate significant financial and operational hurdles that the company needs to overcome to improve its stock performance.
To see Spark’s full report on VIOT stock, click here.
More about Viomi Technology Co
Viomi Technology Co., Ltd is a company based in Guangzhou, China, primarily focused on providing home water solution businesses following a strategic reorganization in August 2024, which involved divesting certain IoT@Home businesses.
Average Trading Volume: 181,657
Technical Sentiment Signal: Hold
Current Market Cap: $94.15M
See more insights into VIOT stock on TipRanks’ Stock Analysis page.