Restore (LON:RST) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Restore plc (LON:RST) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 249.93 ($3.17) and traded as low as GBX 220 ($2.79). Restore shares last traded at GBX 223 ($2.83), with a volume of 332,729 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 380 ($4.82) target price on shares of Restore in a research report on Thursday, November 21st.

Restore Stock Down 0.4 %

The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. The firm’s 50-day simple moving average is GBX 228.95 and its two-hundred day simple moving average is GBX 249.93. The company has a market capitalization of £298.10 million, a price-to-earnings ratio of 78.10, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.