Restore (LON:RST) Shares Down 0.4% – What’s Next?

Restore plc (LON:RST) shares traded down 0.4% during mid-day trading on Thursday . The company traded as low as GBX 255 ($3.23) and last traded at GBX 256 ($3.25). 397,661 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 365,441 shares. The stock had previously closed at GBX 257 ($3.26).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 380 ($4.82) price target on shares of Restore in a report on Thursday, November 21st.

Restore Price Performance

The company has a market capitalization of £349.88 million, a price-to-earnings ratio of 8,533.33, a P/E/G ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07. The business has a 50 day moving average price of GBX 256.02 and a 200-day moving average price of GBX 261.

Insider Buying and Selling

In related news, insider Dan Baker bought 25,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were purchased at an average price of GBX 256 ($3.25) per share, for a total transaction of £64,000 ($81,125.62). Also, insider Lisa Fretwell bought 199 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average price of GBX 253 ($3.21) per share, for a total transaction of £503.47 ($638.19). 15.23% of the stock is 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.