StockNews.com Upgrades Regis (NYSE:RGS) to “Hold”

Regis (NYSE:RGS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Regis Price Performance

NYSE RGS opened at $18.00 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s 50 day moving average price is $23.95 and its 200-day moving average price is $18.40. Regis has a 52-week low of $3.87 and a 52-week high of $35.50. The company has a market cap of $41.08 million, a PE ratio of 0.48 and a beta of 2.48.

Regis (NYSE:RGS) last announced its earnings results on Wednesday, August 28th. The company reported $6.92 earnings per share for the quarter. The company had revenue of $49.38 million during the quarter. Regis had a net margin of 45.49% and a return on equity of 143.69%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Regis stock. Proficio Capital Partners LLC bought a new stake in Regis Co. (NYSE:RGS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,375 shares of the company’s stock, valued at approximately $450,000. Proficio Capital Partners LLC owned about 0.72% of Regis at the end of the most recent reporting period. 31.50% of the stock is owned by institutional investors and hedge funds.

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.