Regis (NYSE:RGS) Rating Lowered to “Sell” at StockNews.com

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

Regis Price Performance

Regis stock opened at $18.99 on Thursday. The stock has a market cap of $43.49 million, a price-to-earnings ratio of 0.51 and a beta of 2.48. The firm has a 50-day moving average of $24.06 and a two-hundred day moving average of $18.04. Regis has a 1 year low of $3.87 and a 1 year high of $35.50. The company has a debt-to-equity ratio of 5.55, a current ratio of 0.35 and a quick ratio of 0.41.

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

Hedge Funds Weigh In On Regis

An institutional investor recently bought a new position in Regis stock. Proficio Capital Partners LLC acquired a new stake in shares of Regis Co. (NYSE:RGS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing. Institutional investors 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.