Regis (NYSE:RGS) Stock Passes Above 200 Day Moving Average – Here’s Why

Regis Co. (NYSE:RGS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.46 and traded as high as $24.41. Regis shares last traded at $23.75, with a volume of 15,645 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Regis from a “sell” rating to a “hold” rating in a report on Friday, November 15th.

Regis Price Performance

The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.69. The company has a market cap of $54.20 million, a P/E ratio of 0.64 and a beta of 2.50. The firm has a 50 day moving average of $22.73 and a 200-day moving average of $23.46.

Hedge Funds Weigh In On Regis

Several hedge funds have recently modified their holdings of the stock. TCW Group Inc. bought a new stake in Regis in the 3rd quarter valued at $9,610,000. Proficio Capital Partners LLC bought a new stake in shares of Regis in the third quarter worth about $450,000. Finally, Geode Capital Management LLC lifted its position in shares of Regis by 39.6% in the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after buying an additional 6,492 shares in the last quarter. Hedge funds and other institutional investors own 31.50% of the company’s stock.

About Regis

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.