Resideo Technologies (NYSE:REZI) Trading 12.6% Higher

Resideo Technologies Inc (NYSE:REZI) shares traded up 12.6% during trading on Wednesday . The company traded as high as $5.04 and last traded at $5.55, 59,982 shares were traded during trading. A decline of 97% from the average session volume of 2,207,999 shares. The stock had previously closed at $4.93.

A number of analysts have commented on the company. Imperial Capital raised Resideo Technologies from an “in-line” rating to an “outperform” rating and set a $13.00 price target for the company in a research report on Friday, February 28th. Zacks Investment Research cut Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America raised Resideo Technologies from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Resideo Technologies currently has a consensus rating of “Buy” and an average price target of $14.75.

The stock has a 50 day simple moving average of $8.64 and a two-hundred day simple moving average of $11.13. The firm has a market cap of $719.20 million, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.28 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.75 and a current ratio of 1.19.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. Resideo Technologies had a return on equity of 8.18% and a net margin of 0.72%. Equities research analysts forecast that Resideo Technologies Inc will post 1.15 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REZI. Tower Research Capital LLC TRC raised its stake in shares of Resideo Technologies by 119.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,187 shares of the company’s stock valued at $89,000 after buying an additional 3,365 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Resideo Technologies by 5.1% during the 3rd quarter. Stifel Financial Corp now owns 21,709 shares of the company’s stock valued at $284,000 after buying an additional 1,045 shares during the last quarter. Andra AP fonden purchased a new position in shares of Resideo Technologies during the 3rd quarter valued at about $221,000. California State Teachers Retirement System raised its stake in shares of Resideo Technologies by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 203,521 shares of the company’s stock valued at $2,921,000 after buying an additional 3,068 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Resideo Technologies by 890.9% during the 3rd quarter. Squarepoint Ops LLC now owns 103,728 shares of the company’s stock valued at $1,488,000 after buying an additional 93,260 shares during the last quarter. Institutional investors and hedge funds own 89.19% of the company’s stock.

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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