Regis (NYSE:RGS) Stock Passes Above 200-Day Moving Average – Should You Sell?

Regis Co. (NYSE:RGS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.57 and traded as high as $26.55. Regis shares last traded at $25.95, with a volume of 41,056 shares changing hands.

Analysts Set New Price Targets

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

Regis Stock Up 1.6 %

The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 5.81. The business’s fifty day moving average price is $23.92 and its two-hundred day moving average price is $16.57. The firm has a market cap of $59.17 million, a P/E ratio of 0.68 and a beta of 2.46.

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

About Regis

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