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

Regis Co. (NYSE:RGS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

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

Regis Stock Up 7.2 %

The stock has a market capitalization of $57.76 million, a price-to-earnings ratio of 0.68 and a beta of 2.50. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69. The business’s 50-day moving average is $22.91 and its two-hundred day moving average is $21.51.

Institutional Investors Weigh In On Regis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new stake in Regis in the 3rd quarter valued at about $450,000. Geode Capital Management LLC increased its stake in shares of Regis by 39.6% during the third 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 period. Finally, TCW Group Inc. acquired a new stake in Regis in the third quarter valued at approximately $9,610,000. 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.