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

Regis Co. (NYSE:RGS - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.38 and traded as high as $22.75. Regis shares last traded at $21.56, with a volume of 26,407 shares traded.

Regis Stock Down 3.4%

The firm's 50-day moving average price is $20.40 and its 200-day moving average price is $21.38. 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 company has a market cap of $52.52 million, a price-to-earnings ratio of 0.55 and a beta of 1.65.

Institutional Trading of Regis

A number of institutional investors have recently added to or reduced their stakes in RGS. Aspire Growth Partners LLC acquired a new position in shares of Regis during the first quarter worth about $239,000. Renaissance Technologies LLC raised its holdings in shares of Regis by 33.1% during the 4th quarter. Renaissance Technologies LLC now owns 18,646 shares of the company's stock valued at $442,000 after buying an additional 4,640 shares during the period. Sandia Investment Management LP raised its holdings in shares of Regis by 101.1% during the 4th quarter. Sandia Investment Management LP now owns 32,936 shares of the company's stock valued at $781,000 after buying an additional 16,561 shares during the period. Proficio Capital Partners LLC lifted its position in Regis by 101.1% during the 4th quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company's stock worth $781,000 after acquiring an additional 16,561 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in Regis by 12.9% in the 4th quarter. TCW Group Inc. now owns 394,382 shares of the company's stock worth $9,355,000 after acquiring an additional 45,060 shares during the period. 31.50% of the stock is owned by hedge funds and other institutional investors.

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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