Regis (NYSE:RGS) Stock Rating Upgraded by StockNews.com

Regis (NYSE:RGS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Regis Stock Performance

Shares of RGS stock opened at $17.36 on Friday. The company has a market capitalization of $39.58 million, a P/E ratio of 0.47 and a beta of 2.48. Regis has a 12-month low of $3.87 and a 12-month high of $35.50. The business’s 50 day moving average is $23.91 and its two-hundred day moving average is $18.57. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.69.

Regis (NYSE:RGS) last released its earnings results on Wednesday, August 28th. The company reported $6.92 earnings per share (EPS) for the quarter. The business had revenue of $49.38 million during the quarter. Regis had a net margin of 45.49% and a return on equity of 143.69%.

Hedge Funds Weigh In On Regis

A hedge fund recently raised its stake in Regis stock. Geode Capital Management LLC raised its holdings in Regis Co. (NYSE:RGS) by 39.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,906 shares of the company’s stock after purchasing an additional 6,492 shares during the quarter. Geode Capital Management LLC owned 1.00% of Regis worth $630,000 as of its most recent SEC filing. 31.50% of the stock is owned by institutional investors.

Regis Company Profile

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.