Restore (LON:RST) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Restore plc (LON:RST) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 226.95 ($2.99) and traded as high as GBX 249.38 ($3.29). Restore shares last traded at GBX 248 ($3.27), with a volume of 578,647 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on Restore from GBX 380 ($5.01) to GBX 400 ($5.27) and gave the company a “buy” rating in a research note on Thursday, March 13th.

Restore Stock Up 0.3%

The stock has a market capitalization of £333.95 million, a PE ratio of 87.49, a P/E/G ratio of 0.41 and a beta of 0.57. The firm has a 50 day moving average of GBX 226.95 and a two-hundred day moving average of GBX 235.41. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35.

Restore (LON:RST) last released its quarterly earnings results on Thursday, March 13th. The company reported GBX 19 ($0.25) earnings per share for the quarter. Restore had a return on equity of 1.64% and a net margin of 1.37%. Equities research analysts anticipate that Restore plc will post 20.4953032 earnings per share for the current year.

Restore Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be given a dividend of GBX 3.80 ($0.05) per share. This is an increase from Restore’s previous dividend of $2.00. The ex-dividend date is Thursday, June 12th. This represents a yield of 1.58%. Restore’s dividend payout ratio (DPR) is presently 175.89%.

Insiders Place Their Bets

In related news, insider Charles Skinner acquired 44,438 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of GBX 225 ($2.96) per share, for a total transaction of £99,985.50 ($131,733.20). 15.23% of the stock is currently owned by company insiders.

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.