Resideo Technologies (NYSE:REZI) Hits New 12-Month Low – Time to Sell?

Resideo Technologies, Inc. (NYSE:REZI) hit a new 52-week low on Thursday . The company traded as low as $16.59 and last traded at $16.66, with a volume of 673434 shares traded. The stock had previously closed at $18.62.

Resideo Technologies Stock Down 11.6 %

The company has a 50 day moving average price of $19.89 and a two-hundred day moving average price of $21.86. 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 stock has a market cap of $2.43 billion, a PE ratio of 26.12 and a beta of 2.32.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. purchased a new position in shares of Resideo Technologies in the 4th quarter valued at approximately $122,145,000. Boston Partners raised its holdings in shares of Resideo Technologies by 25.1% in the fourth quarter. Boston Partners now owns 9,797,883 shares of the company’s stock worth $225,865,000 after buying an additional 1,966,706 shares during the last quarter. Norges Bank acquired a new stake in Resideo Technologies during the 4th quarter worth about $40,596,000. Federated Hermes Inc. acquired a new stake in Resideo Technologies during the 4th quarter worth about $35,542,000. Finally, Nuveen Asset Management LLC increased its holdings in Resideo Technologies by 32.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,320,863 shares of the company’s stock valued at $53,496,000 after buying an additional 567,800 shares in the last quarter. Hedge funds and other 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.