Restore (LON:RST) Shares Pass Below 200 Day Moving Average of $218.09

Restore plc (LON:RST)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 218.09 ($2.71) and traded as low as GBX 218 ($2.71). Restore shares last traded at GBX 219.50 ($2.73), with a volume of 191,939 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price objective on shares of Restore from GBX 350 ($4.36) to GBX 380 ($4.73) and gave the stock a “buy” rating in a research note on Thursday, March 14th.

Restore Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 96.55. The firm has a market capitalization of £299.20 million, a PE ratio of -954.35, a PEG ratio of 0.41 and a beta of 0.55. The firm’s fifty day simple moving average is GBX 225.15 and its 200-day simple moving average is GBX 218.09.

Restore Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 6th will be issued a GBX 3.35 ($0.04) dividend. The ex-dividend date is Thursday, June 6th. This is a boost from Restore’s previous dividend of $1.85. This represents a yield of 1.44%. Restore’s payout ratio is -2,173.91%.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.