Regis (NYSE:RGS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Regis Co. (NYSE:RGS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.52 and traded as high as $30.12. Regis shares last traded at $29.89, with a volume of 4,455 shares changing hands.

Regis Trading Down 1.9%

The firm’s 50 day moving average price is $26.34 and its 200-day moving average price is $22.52. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $72.81 million, a P/E ratio of 0.76 and a beta of 1.77.

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

Institutional Investors Weigh In On Regis

Institutional investors have recently modified their holdings of the business. Kent Lake PR LLC purchased a new position in Regis in the 2nd quarter worth about $412,000. Aspire Growth Partners LLC boosted its holdings in shares of Regis by 14.5% during the 2nd quarter. Aspire Growth Partners LLC now owns 14,649 shares of the company’s stock valued at $327,000 after acquiring an additional 1,860 shares during the last quarter. Finally, Diametric Capital LP bought a new stake in shares of Regis in the second quarter worth approximately $233,000. 31.50% of the stock is owned by hedge funds and other institutional investors.

About Regis

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.