Resideo Technologies (NYSE:REZI) Reaches New 1-Year Low – Here’s Why

Resideo Technologies, Inc. (NYSE:REZI) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.59 and last traded at $16.66, with a volume of 673434 shares. The stock had previously closed at $18.62.

Resideo Technologies Trading Down 5.1 %

The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average is $19.59 and its 200-day moving average is $21.80. The stock has a market capitalization of $2.31 billion, a PE ratio of 24.76 and a beta of 2.04.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. As a group, analysts anticipate that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Resideo Technologies

A number of large investors have recently modified their holdings of REZI. Pacer Advisors Inc. acquired a new stake in Resideo Technologies during the 4th quarter worth approximately $122,145,000. Boston Partners increased its position in shares of Resideo Technologies by 25.1% in the fourth quarter. Boston Partners now owns 9,797,883 shares of the company’s stock worth $225,865,000 after acquiring an additional 1,966,706 shares in the last quarter. Norges Bank acquired a new stake in shares of Resideo Technologies in the fourth quarter worth $40,596,000. Federated Hermes Inc. purchased a new position in shares of Resideo Technologies in the 4th quarter valued at $35,542,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Resideo Technologies by 32.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company’s stock valued at $53,496,000 after acquiring an additional 567,800 shares in the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.