Regis (NYSE:RGS) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Regis Co. stock has surpassed its 200-day moving average of $20.40, reaching a high of $28.21 before closing at $27.37, indicating positive market sentiment.
• The company's recent quarterly earnings report revealed $42.58 earnings per share and a remarkable return on equity of 51.23%.
• A significant portion of Regis stock, approximately 31.50%, is owned by institutional investors, with several hedge funds recently increasing their holdings.

Regis Co. (NYSE:RGS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.40 and traded as high as $28.21. Regis shares last traded at $27.37, with a volume of 32,447 shares traded.

Regis Stock Up 2.5%

The company has a 50-day simple moving average of $21.47 and a 200-day simple moving average of $20.40. The firm has a market cap of $66.67 million, a PE ratio of 0.69 and a beta of 1.78. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RGS. Sandia Investment Management LP lifted its holdings in 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 in the last quarter. Aspire Growth Partners LLC purchased a new position in shares of Regis during the first quarter worth approximately $239,000. Diametric Capital LP purchased a new stake in shares of Regis in the second quarter valued at approximately $233,000. Finally, Kent Lake PR LLC bought a new position in Regis in the second quarter worth approximately $412,000. 31.50% of the stock is currently owned by 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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