Shares of Regis Corp (NASDAQ:RGS - Get Free Report) dropped 2.9% during trading on Friday . The stock traded as low as $22.95 and last traded at $23.31. Approximately 11,877 shares traded hands during trading, an increase of 37% from the average daily volume of 8,651 shares. The stock had previously closed at $24.00.
Analyst Upgrades and Downgrades
RGS has been the topic of a number of research reports. Weiss Ratings restated a "hold (c+)" rating on shares of Regis in a report on Monday, December 29th. Wall Street Zen downgraded shares of Regis from a "buy" rating to a "hold" rating in a research report on Sunday, November 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Get Our Latest Stock Report on RGS
Regis Stock Performance
The company's 50 day moving average is $22.99. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $58.28 million, a price-to-earnings ratio of 0.54 and a beta of 1.46.
Regis (NASDAQ:RGS - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.60 earnings per share (EPS) for the quarter. Regis had a return on equity of 4.08% and a net margin of 50.79%.The firm had revenue of $57.12 million during the quarter.
Institutional Investors Weigh In On Regis
Hedge funds have recently modified their holdings of the business. Diametric Capital LP acquired a new position in shares of Regis during the second quarter valued at about $233,000. DRW Securities LLC acquired a new position in Regis in the fourth quarter worth about $247,000. Mink Brook Asset Management LLC acquired a new position in shares of Regis in the 3rd quarter worth approximately $267,000. Aspire Growth Partners LLC raised its stake in shares of Regis by 14.5% in the second quarter. Aspire Growth Partners LLC now owns 14,649 shares of the company's stock valued at $327,000 after acquiring an additional 1,860 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Regis in the 3rd quarter valued at $335,000. 31.50% of the stock is owned by institutional investors.
Regis Company Profile
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Get Free Report)
Regis NASDAQ: RGS is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company's brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.
Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.
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