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

Regis Co. (NYSE:RGS - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.08 and traded as high as $21.69. Regis shares last traded at $21.51, with a volume of 9,466 shares changing hands.

Regis Price Performance

The business has a 50-day simple moving average of $22.33 and a 200 day simple moving average of $21.02. The firm has a market cap of $49.50 million, a P/E ratio of 0.52 and a beta of 1.64. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.40 and a current ratio of 0.40.

Hedge Funds Weigh In On Regis

Institutional investors have recently bought and sold shares of the stock. Sandia Investment Management LP raised its holdings in Regis by 101.1% in the fourth quarter. Sandia Investment Management LP now owns 32,936 shares of the company's stock worth $781,000 after purchasing an additional 16,561 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Regis by 33.1% in the 4th quarter. Renaissance Technologies LLC now owns 18,646 shares of the company's stock worth $442,000 after acquiring an additional 4,640 shares in the last quarter. Finally, Aspire Growth Partners LLC bought a new position in shares of Regis during the first quarter valued at approximately $239,000. 31.50% of the stock is 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.