Restore (LON:RST) Stock Passes Above 50-Day Moving Average - Time to Sell?

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 ($3.47), with a volume of 465,383 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on Restore from GBX 380 ($5.14) to GBX 400 ($5.41) and gave the company 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 235.63. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. The company has a market cap of £353.15 million, a price-to-earnings ratio of 92.52, a P/E/G ratio of 0.41 and a beta of 0.57.

Restore (LON:RST - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX 19 ($0.26) earnings per share (EPS) for the quarter. Restore had a return on equity of 1.64% and a net margin of 1.37%. Sell-side analysts predict that Restore plc will post 20.4953032 EPS 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 given a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date is Thursday, June 12th. This represents a yield of 1.58%. This is an increase from Restore's previous dividend of $2.00. Restore's dividend payout ratio is currently 175.89%.

Insider Buying and Selling

In other Restore news, insider Charles Skinner bought 44,438 shares of Restore stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of GBX 225 ($3.05) per share, with a total value of £99,985.50 ($135,353.32). Also, insider Dan Baker bought 1,000 shares of Restore stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of GBX 249 ($3.37) per share, for a total transaction of £2,490 ($3,370.79). 15.23% of the stock is currently 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.