Regis (NYSE:RGS) Stock Crosses Above 200-Day Moving Average of $8.34

Regis Co. (NYSE:RGS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.34 and traded as high as $22.00. Regis shares last traded at $21.30, with a volume of 149,713 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Regis in a research note on Thursday. They issued a “sell” rating for the company.

Regis Stock Up 10.6 %

The company’s 50-day simple moving average is $7.39 and its 200 day simple moving average is $8.34. The stock has a market capitalization of $48.56 million, a price-to-earnings ratio of -10.81 and a beta of 2.46.

Regis (NYSE:RGS) last posted its earnings results on Wednesday, May 1st. The company reported ($1.03) earnings per share for the quarter, topping the consensus estimate of ($1.28) by $0.25. The company had revenue of $49.18 million during the quarter. During the same period in the prior year, the business posted ($1.00) EPS.

Regis Company Profile

Regis Corporation owns and franchises hair care salons in North America. The company operates through 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 sells various hair care and other beauty products.