Regis (NYSE:RGS) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Shares of Regis Co. (NYSE:RGS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.19 and traded as high as $23.95. Regis shares last traded at $23.37, with a volume of 24,902 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Regis from a "sell" rating to a "hold" rating in a research report on Friday, February 14th.

Regis Price Performance

The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.67. The business's 50-day simple moving average is $19.03 and its 200 day simple moving average is $21.29. The firm has a market capitalization of $53.08 million, a P/E ratio of 0.55 and a beta of 1.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sandia Investment Management LP grew its position in Regis by 101.1% during the fourth quarter. Sandia Investment Management LP now owns 32,936 shares of the company's stock valued at $781,000 after acquiring an additional 16,561 shares during the last quarter. Renaissance Technologies LLC grew its position in Regis by 33.1% during the fourth quarter. Renaissance Technologies LLC now owns 18,646 shares of the company's stock valued at $442,000 after acquiring an additional 4,640 shares during the last quarter. Proficio Capital Partners LLC grew its position in Regis by 101.1% during the fourth quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company's stock valued at $781,000 after acquiring an additional 16,561 shares during the last quarter. TCW Group Inc. grew its position in Regis by 12.9% during the fourth quarter. TCW Group Inc. now owns 394,382 shares of the company's stock valued at $9,355,000 after acquiring an additional 45,060 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Regis during the fourth quarter valued at approximately $923,998,000. 31.50% of the stock is currently owned by institutional investors.

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.