Regis (NASDAQ:RGS) Shares Down 1.6% – Time to Sell?

Regis Corp (NASDAQ:RGS) shares were down 1.6% during mid-day trading on Thursday . The stock traded as low as $22.75 and last traded at $22.75. Approximately 1,037 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 10,224 shares. The stock had previously closed at $23.13.

Analysts Set New Price Targets

Several research firms recently commented on RGS. Wall Street Zen lowered shares of Regis from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Regis in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Regis Stock Down 1.6%

The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 0.59. The company has a market cap of $56.88 million, a P/E ratio of 0.53 and a beta of 1.48. The business has a 50-day simple moving average of $24.44.

Regis (NASDAQ:RGS) last announced its earnings results on Thursday, February 5th. The company reported $0.60 earnings per share (EPS) for the quarter. Regis had a net margin of 50.79% and a return on equity of 4.08%. The business had revenue of $57.12 million for the quarter.

Regis Company Profile

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.