Regis (NYSE:RGS) Upgraded to Hold at StockNews.com

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

Regis Trading Up 1.2 %

NYSE RGS opened at $18.00 on Friday. Regis has a 12 month low of $3.87 and a 12 month high of $35.50. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $41.08 million, a price-to-earnings ratio of 0.48 and a beta of 2.48. The firm’s fifty day moving average price is $23.95 and its 200 day moving average price is $18.40.

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

Hedge Funds Weigh In On Regis

An institutional investor recently bought a new position in Regis stock. Proficio Capital Partners LLC bought a new stake in Regis Co. (NYSE:RGS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,375 shares of the company’s stock, valued at approximately $450,000. Proficio Capital Partners LLC owned 0.72% of Regis as of its most recent filing with the Securities & Exchange Commission. 31.50% of the stock is owned by hedge funds and other institutional investors.

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.