Resideo Technologies (NYSE:REZI) Reaches New 52-Week Low – Here’s What Happened

Resideo Technologies, Inc. (NYSE:REZI)’s share price reached a new 52-week low on Monday . The company traded as low as $17.27 and last traded at $17.70, with a volume of 561999 shares trading hands. The stock had previously closed at $18.43.

Resideo Technologies Trading Down 4.2 %

The business’s 50-day moving average is $21.66 and its two-hundred day moving average is $22.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10. The firm has a market cap of $2.61 billion, a P/E ratio of 28.02 and a beta of 2.32.

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

Hedge Funds Weigh In On Resideo Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in REZI. Quarry LP acquired a new stake in Resideo Technologies in the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in Resideo Technologies in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC increased its position in Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company’s stock worth $60,000 after buying an additional 1,939 shares during the last quarter. Blue Trust Inc. increased its position in Resideo Technologies by 28.9% during the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company’s stock worth $75,000 after buying an additional 726 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Resideo Technologies by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 3,918 shares of the company’s stock valued at $90,000 after buying an additional 647 shares during the period. 91.71% of the stock is owned by institutional investors.

About Resideo Technologies

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.