Restore (LON:RST) Reaches New 1-Year Low - Here's What Happened

Shares of Restore plc (LON:RST - Get Free Report) hit a new 52-week low on Monday . The company traded as low as GBX 207 ($2.71) and last traded at GBX 211.20 ($2.76), with a volume of 105444 shares changing hands. The stock had previously closed at GBX 215 ($2.81).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price target on Restore from GBX 380 ($4.97) to GBX 400 ($5.24) and gave the stock a "buy" rating in a report on Thursday, March 13th.

Restore Stock Down 0.9 %

The firm has a market cap of £287.36 million, a price-to-earnings ratio of 75.28, a PEG ratio of 0.41 and a beta of 0.57. The firm has a 50 day moving average of GBX 223.32 and a 200 day moving average of GBX 237.69. The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35.

Restore (LON:RST - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported GBX 19 ($0.25) earnings per share for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. As a group, sell-side analysts predict that Restore plc will post 20.4953032 earnings per share for the current year.

Restore Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 12th will be issued a GBX 3.80 ($0.05) dividend. This is an increase from Restore's previous dividend of $2.00. This represents a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, June 12th. Restore's payout ratio is 175.89%.

Insider Activity

In other Restore news, insider Charles Skinner purchased 44,438 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of GBX 225 ($2.95) per share, with a total value of £99,985.50 ($130,871.07). 15.23% of the stock is owned by company insiders.

Restore Company Profile

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.