Restore (LON:RST) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

Restore plc (LON:RST - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 230.66 ($3.12) and traded as high as GBX 260 ($3.52). Restore shares last traded at GBX 256 ($3.46), with a volume of 465,383 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price objective on shares of Restore from GBX 380 ($5.14) to GBX 400 ($5.41) and gave the stock a "buy" rating in a research report on Thursday, March 13th.

Restore Stock Down 0.8%

The firm has a 50 day moving average price of GBX 232.46 and a 200-day moving average price of GBX 235.25. The firm has a market cap of £353.15 million, a price-to-earnings ratio of 92.52, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28.

Restore (LON:RST - Get Free Report) last announced its quarterly earnings data 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, equities analysts predict that Restore plc will post 20.4953032 EPS for the current fiscal year.

Restore Increases Dividend

The firm 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. This is a positive change from Restore's previous dividend of $2.00. This represents a yield of 1.58%. The ex-dividend date of this dividend is Thursday, June 12th. Restore's dividend payout ratio is currently 175.89%.

Insider Buying and Selling at Restore

In related news, insider Dan Baker acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of GBX 249 ($3.37) per share, for a total transaction of £2,490 ($3,369.42). Also, insider Charles Skinner bought 44,438 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of GBX 225 ($3.04) per share, for a total transaction of £99,985.50 ($135,298.38). Insiders own 15.23% of the company's stock.

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.