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

Key Points

• Regis Co. (NYSE:RGS) saw its share price cross above the 200-day moving average of $22.04, reaching a high of $30.89 before closing at $30.34.
• The company reported an impressive EPS of $42.58 for the last quarter, with a return on equity of 51.23% and a net margin of 50.00%.
• Recently, multiple hedge funds have increased their stakes in Regis, with 31.50% of the stock now owned by institutional investors.

Regis Co. (NYSE:RGS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.04 and traded as high as $30.89. Regis shares last traded at $30.34, with a volume of 10,270 shares.

Regis Stock Performance

The company has a 50-day moving average of $25.04 and a 200 day moving average of $22.04. 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 firm has a market capitalization of $73.91 million, a PE ratio of 0.77 and a beta of 1.77.

Regis (NYSE:RGS - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $42.58 EPS for the quarter. Regis had a return on equity of 51.23% and a net margin of 50.00%.

Hedge Funds Weigh In On Regis

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kent Lake PR LLC purchased a new position in shares of Regis in the 2nd quarter worth about $412,000. Aspire Growth Partners LLC boosted its holdings in shares of Regis by 14.5% in the 2nd quarter. Aspire Growth Partners LLC now owns 14,649 shares of the company's stock worth $327,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Diametric Capital LP purchased a new position in shares of Regis in the 2nd quarter worth about $233,000. 31.50% of the stock is currently owned by hedge funds and other 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.

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