Huami Corp (NYSE:HMI) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $19.19 and last traded at $19.06, with a volume of 4881 shares. The stock had previously closed at $18.67.
The company has a market capitalization of $1.00 billion and a PE ratio of 25.13.
Huami (NYSE:HMI) last posted its earnings results on Monday, November 26th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $156.48 million for the quarter. Huami had a return on equity of 23.87% and a net margin of 8.94%.
Several hedge funds have recently bought and sold shares of HMI. BlackRock Inc. increased its holdings in shares of Huami by 245.5% during the 3rd quarter. BlackRock Inc. now owns 190,568 shares of the company’s stock worth $2,039,000 after acquiring an additional 135,410 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Huami in the 3rd quarter valued at $1,089,000. Renaissance Group LLC acquired a new position in Huami in the 4th quarter valued at $634,000. Wells Fargo & Company MN grew its holdings in Huami by 1.6% in the 3rd quarter. Wells Fargo & Company MN now owns 3,203,023 shares of the company’s stock valued at $34,272,000 after buying an additional 49,812 shares in the last quarter. Finally, Symmetry Peak Management LLC grew its holdings in Huami by 106.4% in the 3rd quarter. Symmetry Peak Management LLC now owns 51,608 shares of the company’s stock valued at $552,000 after buying an additional 26,608 shares in the last quarter. 15.04% of the stock is currently owned by institutional investors and hedge funds.
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About Huami (NYSE:HMI)
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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