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

Regis Co. (NYSE:RGS) shares 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 has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $22.52. The firm has a market capitalization of $72.81 million, a P/E ratio of 0.76 and a beta of 1.77. 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 announced its quarterly earnings results on Wednesday, September 3rd. The company reported $42.58 earnings per share (EPS) for the quarter. Regis had a net margin of 50.00% and a return on equity of 51.23%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Kent Lake PR LLC bought a new stake in shares of Regis in the second quarter worth about $412,000. Aspire Growth Partners LLC bought a new stake in shares of Regis in the 1st quarter worth approximately $239,000. Finally, Diametric Capital LP purchased a new position in shares of Regis during the second quarter valued at 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.