Regis (NYSE:RGS) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Regis Co. shares have crossed above the 200-day moving average of $21.05, with the stock trading at $28.64, up from a high of $29.32 recently.
• The company reported a significant EPS of $42.58 and has a net margin of 50.00% alongside a return on equity of 51.23%.
• Institutional investors hold 31.50% of Regis stock, with notable new stakes acquired by several hedge funds this year.

Regis Co. (NYSE:RGS - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.05 and traded as high as $29.32. Regis shares last traded at $28.64, with a volume of 14,644 shares.

Regis Price Performance

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's fifty day moving average price is $22.70 and its 200-day moving average price is $21.05. The firm has a market cap of $69.77 million, a PE ratio of 0.73 and a beta of 1.78.

Regis (NYSE:RGS - Get Free Report) last announced its quarterly earnings data 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

A number of hedge funds have recently modified their holdings of RGS. Diametric Capital LP purchased a new stake in shares of Regis in the second quarter valued at about $233,000. Aspire Growth Partners LLC purchased a new stake in shares of Regis in the first quarter valued at about $239,000. Finally, Kent Lake PR LLC acquired a new position in Regis in the second quarter valued at about $412,000. Hedge funds and other institutional investors 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.

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