Regis (NYSE:RGS) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Regis Co. (NYSE:RGS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.52 and traded as high as $25.78. Regis shares last traded at $25.00, with a volume of 14,971 shares changing hands.

Analyst Upgrades and Downgrades

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

Regis Stock Performance

The company has a market capitalization of $57.05 million, a price-to-earnings ratio of 0.67 and a beta of 2.50. The stock has a 50 day moving average of $22.83 and a 200 day moving average of $22.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69.

Institutional Investors Weigh In On Regis

Institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of Regis during the 3rd quarter valued at about $450,000. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 6,492 shares in the last quarter. Finally, TCW Group Inc. acquired a new position in Regis in the third quarter valued at approximately $9,610,000. 31.50% of the stock is owned by institutional investors.

Regis Company Profile

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.