ZEPP, known as Huami Technology, saw a significant stock price decline of 5.19%, trading at $3.65 per share. The trading volume for ZEPP reached 6,578 shares, showing a turnover rate of 0.04% and an amplitude of 2.86%.
Recent financial reports reveal that ZEPP generated $40.64 million in revenue but suffered a net loss of $10.84 million. The company reported earnings per share (EPS) of -$0.67, with a gross profit of $16.36 million and a price-to-earnings (P/E) ratio of -2.25. Despite the downturn, the sole participating institution in rating ZEPP has given it a buy recommendation.
In the broader electronic consumer industry, which rose by 0.92%, other stocks like Wearable Devices Ltd. and Emerson Radio Corporation saw significant gains. Companies such as Algorhythm Holdings, Inc., Lian Dai Technology, and Wearable Devices Ltd. were particularly active, with turnover rates of 36.56%, 5.38%, and 1.94%, respectively.
Huami Technology primarily engages in the production of smart health wearable products, dividing its operations into Xiaomi wearable products and its own branded products. Most of its revenue is derived from the Xiaomi wearable products sector, offering smartwatches and fitness bands under its brand.
