Restore (LON:RST) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Restore plc (LON:RST) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 230.66 ($3.09) and traded as high as GBX 260 ($3.48). Restore shares last traded at GBX 256 ($3.43), with a volume of 465,383 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price target on Restore from GBX 380 ($5.09) to GBX 400 ($5.36) and gave the company a “buy” rating in a research note on Thursday, March 13th.

Restore Stock Down 0.8%

The firm has a market capitalization of £341.14 million, a P/E ratio of 89.37, a PEG ratio of 0.41 and a beta of 0.57. The firm’s 50 day moving average is GBX 230.66 and its two-hundred day moving average is GBX 235.41. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28.

Restore (LON:RST) last announced its quarterly earnings results on Thursday, March 13th. The company reported GBX 19 ($0.25) EPS for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. Research analysts predict that Restore plc will post 20.4953032 EPS for the current year.

Restore Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 12th will be issued a GBX 3.80 ($0.05) dividend. This represents a dividend yield of 1.58%. This is a boost from Restore’s previous dividend of $2.00. The ex-dividend date is Thursday, June 12th. Restore’s dividend payout ratio is presently 175.89%.

Insider Activity at Restore

In related news, insider Dan Baker bought 1,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of GBX 249 ($3.33) per share, for a total transaction of £2,490 ($3,334.67). Also, insider Charles Skinner bought 44,438 shares of Restore stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of GBX 225 ($3.01) per share, with a total value of £99,985.50 ($133,903.17). 15.23% of the stock is currently owned by company insiders.

Restore Company Profile

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.