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

Key Points

• Regis Co. shares crossed above their 200-day moving average, trading at a high of $22.59, reflecting a significant market performance.
• The company has a market cap of $54.93 million and notable debt metrics, including a debt-to-equity ratio of 1.67.
• Recent investments by hedge funds indicate growing institutional interest, with several firms increasing their stakes in Regis during the second quarter.

Regis Co. (NYSE:RGS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.37 and traded as high as $22.59. Regis shares last traded at $22.55, with a volume of 12,597 shares trading hands.

Regis Stock Performance

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 firm has a market cap of $53.86 million, a price-to-earnings ratio of 0.56 and a beta of 1.68. The company has a fifty day moving average price of $21.10 and a two-hundred day moving average price of $20.29.

Institutional Investors Weigh In On Regis

Hedge funds have recently modified their holdings of the stock. Diametric Capital LP acquired a new position in Regis during the second quarter valued at $233,000. Aspire Growth Partners LLC acquired a new position in Regis in the 1st quarter worth about $239,000. Kent Lake PR LLC acquired a new position in Regis in the 2nd quarter worth about $412,000. Renaissance Technologies LLC increased its position in 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 purchasing an additional 4,640 shares during the last quarter. Finally, Sandia Investment Management LP increased its position in Regis by 101.1% in the 4th 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 during the last quarter. 31.50% of the stock is 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.