Regis (NYSE:RGS) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Regis Co. (NYSE:RGS) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.08 and traded as high as $27.51. Regis shares last traded at $26.95, with a volume of 20,334 shares changing hands.

Regis Price Performance

The stock has a 50-day moving average price of $28.99 and a two-hundred day moving average price of $24.15. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.67. The stock has a market cap of $66.14 million, a price-to-earnings ratio of 0.68 and a beta of 1.74.

Regis (NYSE:RGS) last issued 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%.

Hedge Funds Weigh In On Regis

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGS. Diametric Capital LP purchased a new position in shares of Regis in the second quarter worth about $233,000. Aspire Growth Partners LLC acquired a new position in Regis in the 1st quarter worth approximately $239,000. Mink Brook Asset Management LLC purchased a new position in Regis during the 3rd quarter worth approximately $267,000. GSA Capital Partners LLP acquired a new stake in Regis during the 3rd quarter valued at approximately $335,000. Finally, Kent Lake PR LLC purchased a new stake in shares of Regis in the 2nd quarter valued at $412,000. Hedge funds and other institutional investors own 31.50% of the company’s stock.

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.