Regis (NYSE:RGS) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

by · The Markets Daily

Regis Co. (NYSE:RGS – Get Free Report)’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 changing hands.

Analysts Set New Price Targets

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

Read Our Latest Analysis on RGS

Regis Stock Performance

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 company has a 50 day moving average price of $22.71 and a 200 day moving average price of $23.46. The company has a market capitalization of $52.85 million, a price-to-earnings ratio of 0.62 and a beta of 2.50.

Hedge Funds Weigh In On Regis

Institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of Regis during the third quarter valued at about $450,000. Geode Capital Management LLC raised its holdings in Regis by 39.6% in the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after purchasing an additional 6,492 shares in the last quarter. Finally, TCW Group Inc. purchased a new stake in Regis in the third quarter worth about $9,610,000. Institutional investors 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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