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

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

Resideo Technologies Trading Down 2.6 %

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The firm has a market capitalization of $2.56 billion, a PE ratio of 27.45 and a beta of 2.32. The stock’s 50-day simple moving average is $21.44 and its 200-day simple moving average is $22.03.

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 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 for the quarter, compared to analysts’ expectations of $1.84 billion. As a group, sell-side analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in REZI. Siemens Fonds Invest GmbH purchased a new stake in Resideo Technologies in the fourth quarter worth $779,000. Mackenzie Financial Corp grew its position in shares of Resideo Technologies by 65.7% in the 4th quarter. Mackenzie Financial Corp now owns 59,663 shares of the company’s stock worth $1,375,000 after buying an additional 23,649 shares during the period. Vise Technologies Inc. bought a new position in shares of Resideo Technologies in the 4th quarter worth about $242,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Resideo Technologies by 15.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 412,895 shares of the company’s stock valued at $9,517,000 after acquiring an additional 55,392 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Resideo Technologies during the fourth quarter worth about $284,000. Institutional investors own 91.71% of the company’s stock.

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.