Regis (NYSE:RGS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Regis Co. (NYSE:RGS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $24.42 and traded as high as $27.00. Regis shares last traded at $26.98, with a volume of 17,936 shares traded.

Regis Price Performance

The company has a 50-day moving average of $28.83 and a 200 day moving average of $24.42. 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 stock has a market capitalization of $66.91 million, a PE ratio of 0.68 and a beta of 1.74.

Regis (NYSE:RGS) last announced its earnings results on Wednesday, September 3rd. The company reported $42.58 earnings per share (EPS) for the quarter. Regis had a net margin of 50.00% and a return on equity of 51.23%.

Institutional Trading of Regis

Several large investors have recently bought and sold shares of the business. Aspire Growth Partners LLC lifted its stake in Regis by 119.7% in the 3rd quarter. Aspire Growth Partners LLC now owns 32,187 shares of the company’s stock worth $938,000 after purchasing an additional 17,538 shares in the last quarter. Kent Lake PR LLC acquired a new stake in shares of Regis in the second quarter valued at approximately $412,000. GSA Capital Partners LLP acquired a new stake in shares of Regis in the third quarter valued at approximately $335,000. Diametric Capital LP purchased a new position in Regis during the second quarter worth approximately $233,000. Finally, Mink Brook Asset Management LLC acquired a new position in Regis during the third quarter worth $267,000. 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.