Resideo Technologies (NYSE:REZI) Reaches New 1-Year High – Here’s What Happened

Shares of Resideo Technologies, Inc. (NYSE:REZI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.29 and last traded at $26.21, with a volume of 2678 shares changing hands. The stock had previously closed at $26.12.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on Resideo Technologies in a research note on Friday, August 9th. They set an “outperform” rating and a $25.00 price objective on the stock.

Resideo Technologies Trading Up 0.2 %

The firm has a market capitalization of $3.88 billion, a P/E ratio of 23.78 and a beta of 2.09. The firm has a 50 day moving average price of $21.05 and a two-hundred day moving average price of $20.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Resideo Technologies by 50.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock valued at $31,000 after acquiring an additional 531 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Resideo Technologies by 1,740.5% during the 3rd quarter. International Assets Investment Management LLC now owns 2,135 shares of the company’s stock valued at $43,000 after acquiring an additional 2,019 shares during the last quarter. Blue Trust Inc. raised its position in shares of Resideo Technologies by 55.0% during the 3rd quarter. Blue Trust Inc. now owns 2,515 shares of the company’s stock valued at $49,000 after acquiring an additional 892 shares during the last quarter. Quarry LP raised its position in shares of Resideo Technologies by 79.7% during the 2nd quarter. Quarry LP now owns 2,892 shares of the company’s stock valued at $57,000 after acquiring an additional 1,283 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Resideo Technologies during the 1st quarter valued at $70,000. Institutional investors own 91.71% of the company’s stock.

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.