Resideo Technologies (NYSE:REZI) Shares Gap Up to $21.08

Shares of Resideo Technologies, Inc. (NYSE:REZI - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $21.08, but opened at $21.70. Resideo Technologies shares last traded at $21.27, with a volume of 100,138 shares.

Wall Street Analyst Weigh In

Separately, TheStreet raised Resideo Technologies from a "c+" rating to a "b-" rating in a research report on Wednesday, February 28th.

Resideo Technologies Stock Performance

The stock has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $18.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.18. The stock has a market cap of $2.96 billion, a PE ratio of 14.32 and a beta of 2.13.

Resideo Technologies (NYSE:REZI - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.14. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company's revenue was down 1.5% compared to the same quarter last year. Equities analysts predict that Resideo Technologies, Inc. will post 1.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Resideo Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in shares of Resideo Technologies by 648.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,863 shares of the company's stock worth $35,000 after acquiring an additional 1,614 shares in the last quarter. Dark Forest Capital Management LP lifted its stake in shares of Resideo Technologies by 687.2% in the first quarter. Dark Forest Capital Management LP now owns 2,897 shares of the company's stock worth $53,000 after acquiring an additional 2,529 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Resideo Technologies during the second quarter valued at approximately $58,000. Parkside Financial Bank & Trust raised its stake in Resideo Technologies by 72.5% during the first quarter. Parkside Financial Bank & Trust now owns 2,467 shares of the company's stock valued at $59,000 after buying an additional 1,037 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Resideo Technologies by 37.9% during the third quarter. Tower Research Capital LLC TRC now owns 4,382 shares of the company's stock valued at $69,000 after buying an additional 1,204 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.