Regis (NYSE:RGS) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Regis Co. (NYSE:RGS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.45 and traded as high as $22.74. Regis shares last traded at $22.49, with a volume of 4,197 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Regis from a “sell” rating to a “hold” rating in a report on Friday, February 14th.

Regis Stock Performance

The company has a 50-day simple moving average of $19.71 and a two-hundred day simple moving average of $21.45. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.67. The firm has a market cap of $54.79 million, a PE ratio of 0.57 and a beta of 1.65.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new stake in Regis during the 4th quarter worth about $923,998,000. TCW Group Inc. lifted its holdings in Regis by 12.9% during the 4th quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock worth $9,355,000 after purchasing an additional 45,060 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Regis by 101.1% during the 4th quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company’s stock worth $781,000 after purchasing an additional 16,561 shares in the last quarter. Sandia Investment Management LP lifted its holdings in Regis by 101.1% during the 4th quarter. Sandia Investment Management LP now owns 32,936 shares of the company’s stock worth $781,000 after purchasing an additional 16,561 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Regis by 33.1% in the 4th quarter. Renaissance Technologies LLC now owns 18,646 shares of the company’s stock worth $442,000 after acquiring an additional 4,640 shares during the last quarter. Hedge funds and other 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.