Regis (NYSE:RGS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Regis Co. (NYSE:RGS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.37 and traded as high as $24.49. Regis shares last traded at $23.62, with a volume of 60,755 shares traded.

Analyst Upgrades and Downgrades

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

Regis Stock Up 7.6 %

The firm has a 50 day moving average price of $22.94 and a 200-day moving average price of $21.37. 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 firm has a market cap of $53.90 million, a price-to-earnings ratio of 0.64 and a beta of 2.50.

Institutional Investors Weigh In On Regis

Institutional investors have recently modified their holdings of the business. TCW Group Inc. bought a new stake in Regis in the third quarter valued at approximately $9,610,000. Geode Capital Management LLC boosted its stake in shares of Regis by 39.6% during the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after buying an additional 6,492 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Regis in the third quarter valued at approximately $450,000. 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.