Regis (NYSE:RGS) Shares Pass Above 200 Day Moving Average – Time to Sell?

Regis Co. (NYSE:RGS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analyst Ratings Changes

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

Regis Stock Up 7.2 %

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

Institutional Trading of Regis

Institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in Regis during the third quarter valued at $450,000. Geode Capital Management LLC grew its position in shares of Regis by 39.6% during the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock valued at $630,000 after acquiring an additional 6,492 shares during the period. Finally, TCW Group Inc. purchased a new position in shares of Regis in the 3rd quarter valued at about $9,610,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.

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.