Regis (NYSE:RGS) Shares Pass Above 200-Day Moving Average – What’s Next?

Regis Co. (NYSE:RGS) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.42 and traded as high as $27.00. Regis shares last traded at $26.98, with a volume of 17,936 shares.

Regis Trading Up 0.2%

The business’s 50-day moving average price is $28.77 and its 200-day moving average price is $24.45. The firm has a market capitalization of $67.03 million, a PE ratio of 0.69 and a beta of 1.74. 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 issued its quarterly earnings results on Wednesday, September 3rd. The company reported $42.58 earnings per share for the quarter. Regis had a net margin of 50.00% and a return on equity of 51.23%.

Hedge Funds Weigh In On Regis

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

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.