Regis (NYSE:RGS) Shares Pass Above 200-Day Moving Average – What’s Next?

by · The Cerbat Gem

Regis Co. (NYSE:RGS – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.42 and traded as high as $27.00. Regis shares last traded at $26.98, with a volume of 17,936 shares.

Regis Trading Up 0.2%

The business’s 50-day moving average price is $28.77 and its 200-day moving average price is $24.45. The firm has a market capitalization of $67.03 million, a PE ratio of 0.69 and a beta of 1.74. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40.

Regis (NYSE:RGS – Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $42.58 earnings per share for the quarter. Regis had a net margin of 50.00% and a return on equity of 51.23%.

Hedge Funds Weigh In On Regis

Institutional investors have recently added to or reduced their stakes in the stock. Aspire Growth Partners LLC acquired a new stake in Regis during the 1st quarter worth approximately $239,000. Kent Lake PR LLC purchased a new stake in shares of Regis during the second quarter worth approximately $412,000. Mink Brook Asset Management LLC acquired a new stake in shares of Regis during the third quarter worth $267,000. GSA Capital Partners LLP purchased a new position in Regis in the 3rd quarter valued at $335,000. Finally, Diametric Capital LP purchased a new position in Regis in the 2nd quarter valued at $233,000. Institutional investors and hedge funds own 31.50% of the company’s stock.

Regis Company Profile

(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.

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