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

Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.30 and last traded at $14.34, with a volume of 161093 shares. The stock had previously closed at $14.69.

Resideo Technologies Stock Performance

The company has a market cap of $2.27 billion, a P/E ratio of 24.32 and a beta of 2.04. The business has a 50 day moving average price of $18.61 and a two-hundred day moving average price of $21.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.84 billion. On average, sell-side analysts anticipate that Resideo Technologies, Inc. will post 2.13 earnings per share for the current year.

Hedge Funds Weigh In On Resideo Technologies

Hedge funds have recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in Resideo Technologies during the 3rd quarter valued at about $589,000. Barclays PLC raised its holdings in shares of Resideo Technologies by 358.9% during the third quarter. Barclays PLC now owns 262,698 shares of the company's stock valued at $5,290,000 after acquiring an additional 205,453 shares in the last quarter. Geode Capital Management LLC lifted its stake in Resideo Technologies by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,363,750 shares of the company's stock worth $67,759,000 after acquiring an additional 26,000 shares during the period. Franklin Resources Inc. boosted its holdings in Resideo Technologies by 45.3% in the third quarter. Franklin Resources Inc. now owns 171,792 shares of the company's stock valued at $3,592,000 after acquiring an additional 53,541 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Resideo Technologies by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 742,628 shares of the company's stock valued at $14,957,000 after purchasing an additional 22,353 shares during the period. Hedge funds and other institutional investors own 91.71% of the company's stock.

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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.