Restore (LON:RST) Share Price Passes Below 200-Day Moving Average - Here's Why

Restore plc (LON:RST - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 236.58 ($3.18) and traded as low as GBX 223 ($3.00). Restore shares last traded at GBX 225 ($3.02), with a volume of 132,863 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price objective on shares of Restore from GBX 380 ($5.11) to GBX 400 ($5.37) and gave the stock a "buy" rating in a research note on Thursday, March 13th.

Restore Stock Up 0.2 %

The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The firm has a market capitalization of £302.85 million, a price-to-earnings ratio of 79.34, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The firm has a 50 day moving average of GBX 223.70 and a two-hundred day moving average of GBX 236.03.

Restore (LON:RST - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported GBX 19 ($0.26) earnings per share for the quarter. Restore had a return on equity of 1.64% and a net margin of 1.37%. As a group, sell-side analysts anticipate that Restore plc will post 20.4953032 EPS for the current fiscal year.

Restore Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, June 12th. This represents a yield of 1.58%. This is a positive change from Restore's previous dividend of $2.00. Restore's dividend payout ratio (DPR) is 175.89%.

Insider Buying and Selling at Restore

In other Restore news, insider Charles Skinner bought 44,438 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of GBX 225 ($3.02) per share, for a total transaction of £99,985.50 ($134,334.95). Insiders own 15.23% of the company's stock.

About Restore

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.