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

Regis logo with Retail/Wholesale background

Key Points

  • Regis (NYSE:RGS) stock has surpassed its 200-day moving average of $20.70 and traded at a high of $30.00 during recent sessions, closing at $28.47.
  • The company reported a net margin of 50.00% and a return on equity of 51.23% in its latest earnings announcement.
  • Institutional investors hold 31.50% of Regis' stock, with notable increases in stakes from firms like Aspire Growth Partners LLC and Kent Lake PR LLC.
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Regis Co. (NYSE:RGS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.70 and traded as high as $30.00. Regis shares last traded at $28.47, with a volume of 60,320 shares traded.

Regis Price Performance

The company has a market capitalization of $68.87 million, a price-to-earnings ratio of 0.72 and a beta of 1.78. 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 company has a 50 day simple moving average of $22.22 and a 200 day simple moving average of $20.76.

Regis (NYSE:RGS - Get Free Report) last announced its quarterly 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%.

Institutional Investors Weigh In On Regis

Large investors have recently modified their holdings of the stock. Aspire Growth Partners LLC acquired a new stake in shares of Regis in the first quarter valued at about $239,000. Kent Lake PR LLC acquired a new stake in shares of Regis in the second quarter valued at about $412,000. Finally, Diametric Capital LP acquired a new stake in shares of Regis in the second quarter valued at about $233,000. Institutional investors and hedge funds own 31.50% of the company's stock.

About Regis

(Get Free Report)

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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