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

Regis logo with Retail/Wholesale background

Shares of Regis Co. (NYSE:RGS - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Regis Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.67. The firm has a market cap of $50.55 million, a PE ratio of 0.53 and a beta of 1.65. The stock has a fifty day simple moving average of $20.59 and a two-hundred day simple moving average of $21.30.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RGS. Renaissance Technologies LLC boosted its position 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 acquiring an additional 4,640 shares during the last quarter. Aspire Growth Partners LLC bought a new stake in shares of Regis during the 1st quarter valued at about $239,000. Sandia Investment Management LP boosted its position 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 acquiring an additional 16,561 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Regis by 101.1% during the 4th 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. Finally, TCW Group Inc. boosted its position in shares of Regis by 12.9% during the 4th 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. Hedge funds and other institutional investors own 31.50% of the company's stock.

About Regis

(Get Free Report)

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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