Regis (NYSE:RGS) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Regis Co. (NYSE:RGS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.13 and traded as high as $30.50. Regis shares last traded at $30.46, with a volume of 14,480 shares changing hands.

Regis Trading Up 1.2%

The stock has a market cap of $74.20 million, a PE ratio of 0.77 and a beta of 1.77. The stock has a 50-day moving average price of $27.64 and a two-hundred day moving average price of $23.13. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGS. Diametric Capital LP purchased a new position in Regis in the second quarter worth about $233,000. Aspire Growth Partners LLC purchased a new position in Regis in the first quarter worth about $239,000. Finally, Kent Lake PR LLC purchased a new position in Regis in the second quarter worth about $412,000. 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.