Regis (NYSE:RGS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Posted by MarketBeat News on Nov 7th, 2024

Shares of Regis Co. (NYSE:RGS – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.92 and traded as high as $24.36. Regis shares last traded at $20.46, with a volume of 147,394 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Regis from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th.

Check Out Our Latest Stock Analysis on RGS

Regis Trading Down 12.5 %

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The company has a market cap of $46.65 million, a price-to-earnings ratio of 0.54 and a beta of 2.48. The business’s fifty day moving average price is $24.22 and its 200 day moving average price is $17.92. The company has a debt-to-equity ratio of 5.81, a current ratio of 0.41 and a quick ratio of 0.41.

Regis (NYSE:RGS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $6.92 earnings per share (EPS) for the quarter. Regis had a net margin of 44.86% and a negative return on equity of 119.67%. The firm had revenue of $49.38 million for the quarter.

Hedge Funds Weigh In On Regis

An institutional investor recently bought a new position in Regis stock. Proficio Capital Partners LLC bought a new position in shares of Regis Co. (NYSE:RGS – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,375 shares of the company’s stock, valued at approximately $450,000. Proficio Capital Partners LLC owned 0.72% of Regis as of its most recent SEC filing. 31.50% of the stock is currently owned by institutional investors and hedge funds.

About Regis

(Get Free Report)

Regis Corporation owns and franchises hair care salons primarily in North America. The company operates in two segments, Franchise Salons and Company-Owned Salons. Its salons provide haircutting; styling, including shampooing and conditioning; hair coloring; and other services, as well as sell various hair care and other beauty products.