Regis (NYSE:RGS) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Regis Co. (NYSE:RGS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.63 and traded as high as $29.00. Regis shares last traded at $27.50, with a volume of 5,627 shares changing hands.

Regis Stock Down 5.4%

The firm has a market cap of $66.99 million, a P/E ratio of 0.70 and a beta of 1.74. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.67. The firm has a fifty day moving average of $28.56 and a 200-day moving average of $23.67.

Regis (NYSE:RGS) last posted its quarterly earnings results 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 Trading of Regis

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGS. GSA Capital Partners LLP bought a new position in shares of Regis in the 3rd quarter valued at about $335,000. Aspire Growth Partners LLC lifted its stake in Regis by 119.7% in the 3rd quarter. Aspire Growth Partners LLC now owns 32,187 shares of the company’s stock valued at $938,000 after purchasing an additional 17,538 shares during the last quarter. Kent Lake PR LLC bought a new position in Regis during the second quarter worth about $412,000. Finally, Diametric Capital LP acquired a new position in Regis during the second quarter worth approximately $233,000. 31.50% of the stock is owned by 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.