Resideo Technologies (NYSE:REZI) Sets New 1-Year Low – Should You Sell?

Resideo Technologies, Inc. (NYSE:REZI)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $14.30 and last traded at $14.34, with a volume of 161093 shares changing hands. The stock had previously closed at $14.69.

Resideo Technologies Stock Performance

The business has a fifty day moving average price of $19.13 and a 200-day moving average price of $21.72. The stock has a market capitalization of $2.12 billion, a P/E ratio of 22.80 and a beta of 2.04. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Resideo Technologies (NYSE:REZI) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.84 billion. On average, sell-side analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current year.

Institutional Investors Weigh In On Resideo Technologies

A number of hedge funds have recently added to or reduced their stakes in REZI. FMR LLC boosted its stake in shares of Resideo Technologies by 22.7% in the 3rd quarter. FMR LLC now owns 165,001 shares of the company’s stock worth $3,323,000 after buying an additional 30,538 shares during the last quarter. State Street Corp boosted its position in Resideo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,060,486 shares of the company’s stock worth $162,338,000 after purchasing an additional 159,069 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Resideo Technologies during the 3rd quarter valued at about $589,000. Barclays PLC increased its position in shares of Resideo Technologies by 358.9% during the 3rd quarter. Barclays PLC now owns 262,698 shares of the company’s stock valued at $5,290,000 after purchasing an additional 205,453 shares during the last quarter. Finally, Vestcor Inc increased its position in shares of Resideo Technologies by 287.6% during the 3rd quarter. Vestcor Inc now owns 33,826 shares of the company’s stock valued at $681,000 after purchasing an additional 25,100 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other 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.