Regis (NYSE:RGS) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

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)'s stock price crossed 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 Price Performance

The stock's 50 day simple moving average is $21.92 and its 200-day simple moving average is $20.60. The firm has a market cap of $69.30 million, a price-to-earnings ratio of 0.72 and a beta of 1.78. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.40 and a current ratio of 0.40.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Aspire Growth Partners LLC acquired a new stake in shares of Regis during the first quarter worth about $239,000. Kent Lake PR LLC acquired a new position in Regis in the 2nd quarter worth approximately $412,000. Finally, Diametric Capital LP purchased a new position in Regis during the 2nd quarter worth approximately $233,000. 31.50% of the stock is owned by institutional investors and hedge funds.

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.