Regis (NYSE:RGS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Regis Co. (NYSE:RGS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.85 and traded as high as $27.39. Regis shares last traded at $27.29, with a volume of 39,329 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Regis from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th.

Regis Trading Up 3.8 %

The company’s 50 day moving average price is $23.70 and its 200 day moving average price is $14.85. The company has a market cap of $62.22 million, a price-to-earnings ratio of -13.85 and a beta of 2.46. The company has a debt-to-equity ratio of 5.81, a quick ratio of 0.41 and a current ratio of 0.41.

Regis (NYSE:RGS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $6.92 EPS for the quarter. Regis had a net margin of 44.86% and a negative return on equity of 119.67%. The company had revenue of $49.38 million for the quarter.

About Regis

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.