Restore (LON:RST) Share Price Passes Above 50-Day Moving Average of $224.69

Restore plc (LON:RST)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 224.69 ($2.82) and traded as high as GBX 242 ($3.04). Restore shares last traded at GBX 242 ($3.04), with a volume of 147,082 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on Restore from GBX 350 ($4.40) to GBX 380 ($4.77) and gave the company a “buy” rating in a research note on Thursday, March 14th.

Restore Stock Performance

The firm has a market cap of £327.24 million, a PE ratio of -1,052.17, a price-to-earnings-growth ratio of 0.41 and a beta of 0.55. The company has a 50 day simple moving average of GBX 224.69 and a 200-day simple moving average of GBX 220.17. The company has a debt-to-equity ratio of 96.55, a current ratio of 1.30 and a quick ratio of 1.28.

Restore Increases Dividend

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

Restore Company Profile

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.