Regis (NYSE:RGS) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Regis Co. shares have surpassed their 200-day moving average of $21.57, indicating potentially significant market movement.
• The stock's price reached a high of $30.50 during recent trading, with a last recorded price of $30.15.
• Institutional investors now hold 31.50% of Regis's stock, suggesting increased interest from large investment firms.

Regis Co. (NYSE:RGS - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.57 and traded as high as $30.50. Regis shares last traded at $30.15, with a volume of 27,401 shares changing hands.

Regis Stock Performance

The stock has a market capitalization of $73.45 million, a price-to-earnings ratio of 0.76 and a beta of 1.77. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a 50-day moving average of $23.72 and a 200 day moving average of $21.57.

Regis (NYSE:RGS - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $42.58 earnings per share (EPS) for the quarter. Regis had a net margin of 50.00% and a return on equity of 51.23%.

Institutional Investors Weigh In On Regis

Several large investors have recently bought and sold shares of RGS. Aspire Growth Partners LLC lifted its stake in 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 buying an additional 1,860 shares in the last quarter. Diametric Capital LP bought a new stake in Regis during the second quarter worth about $233,000. Finally, Kent Lake PR LLC bought a new position in shares of Regis in the second quarter valued at $412,000. 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.

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