Zepp Health (NYSE:ZEPP) Trading Down 5.2% – Time to Sell?

Zepp Health Co. (NYSE:ZEPP)’s stock price dropped 5.2% on Tuesday . The stock traded as low as $2.80 and last traded at $2.89. Approximately 9,017 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 18,976 shares. The stock had previously closed at $3.05.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a $14.65 price target on shares of Zepp Health and gave the stock a “buy” rating in a report on Tuesday, November 26th.

Zepp Health Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.87 and a current ratio of 1.21. The firm has a market capitalization of $42.00 million, a price-to-earnings ratio of -1.12 and a beta of 0.64. The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $2.95.

Hedge Funds Weigh In On Zepp Health

A hedge fund recently bought a new stake in Zepp Health stock. Virtu Financial LLC purchased a new stake in Zepp Health Co. (NYSE:ZEPP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,056 shares of the company’s stock, valued at approximately $57,000. Virtu Financial LLC owned about 0.09% of Zepp Health at the end of the most recent reporting period. 52.61% of the stock is currently owned by institutional investors.

Zepp Health Company Profile

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. The company operates in two segments: Self-Branded Products and Others, and Xiaomi Wearable Products. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura.