Resideo Technologies, Inc. (NYSE:REZI – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 2,110,000 shares, a drop of 49.5% from the September 15th total of 4,180,000 shares. Based on an average daily volume of 935,100 shares, the days-to-cover ratio is presently 2.3 days.
Wall Street Analyst Weigh In
Separately, Evercore ISI started coverage on Resideo Technologies in a research note on Friday, August 9th. They set an “outperform” rating and a $25.00 price target on the stock.
Get Our Latest Stock Analysis on REZI
Institutional Trading of Resideo Technologies
Resideo Technologies Price Performance
Shares of REZI stock traded up $0.57 during mid-day trading on Friday, reaching $20.51. The stock had a trading volume of 515,649 shares, compared to its average volume of 872,185. The company has a market cap of $3.00 billion, a P/E ratio of 17.38 and a beta of 2.07. Resideo Technologies has a 12-month low of $14.19 and a 12-month high of $23.43. The business has a 50-day simple moving average of $19.32 and a 200 day simple moving average of $20.29. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.
Resideo Technologies (NYSE:REZI – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the company posted $0.34 EPS. The company’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Resideo Technologies will post 1.92 earnings per share for the current year.
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.
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