Regis (NYSE:RGS) Shares Pass Above 200 Day Moving Average – Here’s Why

Regis Co. (NYSE:RGS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.72 and traded as high as $25.25. Regis shares last traded at $24.50, with a volume of 20,357 shares.

Wall Street Analyst Weigh In

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

Regis Stock Up 4.0 %

The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average price of $23.07 and a two-hundred day moving average price of $23.72. The company has a market capitalization of $55.86 million, a P/E ratio of 0.66 and a beta of 2.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RGS. Proficio Capital Partners LLC bought a new position in shares of Regis during the 3rd quarter worth approximately $450,000. Geode Capital Management LLC raised its position in shares of Regis by 39.6% during the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after acquiring an additional 6,492 shares during the last quarter. Finally, TCW Group Inc. acquired a new position in Regis during the 3rd quarter valued at about $9,610,000. Institutional investors and hedge funds own 31.50% of the company’s stock.

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.