Resideo Technologies Inc (NYSE:REZI) shares traded down 5.7% during mid-day trading on Monday . The stock traded as low as $22.32 and last traded at $22.50. 525,427 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 1,214,469 shares. The stock had previously closed at $23.86.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 8th. Imperial Capital restated an “outperform” rating and set a $26.00 price target (up from $24.00) on shares of Resideo Technologies in a report on Friday, May 10th. Oppenheimer set a $30.00 price target on shares of Resideo Technologies and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Bank of America restated a “buy” rating and set a $24.00 price target (down from $28.00) on shares of Resideo Technologies in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.50.
The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a market cap of $2.73 billion and a P/E ratio of 9.15.
Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Sell-side analysts forecast that Resideo Technologies Inc will post 1.46 EPS for the current year.
In other Resideo Technologies news, Director Roger Fradin acquired 25,000 shares of Resideo Technologies stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $20.41 per share, with a total value of $510,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have bought 26,432 shares of company stock worth $541,065. 0.09% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in REZI. Financial Advocates Investment Management acquired a new position in Resideo Technologies during the 4th quarter worth $698,000. Blume Capital Management Inc. acquired a new position in Resideo Technologies during the 4th quarter worth $25,000. Pflug Koory LLC acquired a new position in Resideo Technologies during the 4th quarter worth $26,000. Fort L.P. bought a new position in shares of Resideo Technologies during the 4th quarter worth about $27,000. Finally, Bedel Financial Consulting Inc. bought a new position in shares of Resideo Technologies during the 4th quarter worth about $27,000. 72.01% of the stock is owned by institutional investors and hedge funds.
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Resideo Technologies Company Profile (NYSE:REZI)
Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.
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