Restore (LON:RST) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Restore plc (LON:RST) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 241.65 ($3.13) and traded as low as GBX 230 ($2.98). Restore shares last traded at GBX 230 ($2.98), with a volume of 1,022,384 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their price target on shares of Restore from GBX 380 ($4.92) to GBX 400 ($5.18) and gave the company a “buy” rating in a research report on Thursday, March 13th.

Restore Price Performance

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 stock has a market cap of £308.84 million, a price-to-earnings ratio of 80.91, a PEG ratio of 0.41 and a beta of 0.57. The company has a 50-day moving average of GBX 223.38 and a 200-day moving average of GBX 241.65.

Restore (LON:RST) last issued its earnings results on Thursday, March 13th. The company reported GBX 19 ($0.25) EPS for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. As a group, equities research analysts predict that Restore plc will post 20.4953032 earnings per share for the current year.

Restore Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 12th will be given a GBX 3.80 ($0.05) dividend. This is an increase from Restore’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 1.58%. Restore’s dividend payout ratio is presently 175.89%.

Insider Activity at Restore

In other Restore news, insider Charles Skinner purchased 44,438 shares of Restore stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of GBX 225 ($2.91) per share, with a total value of £99,985.50 ($129,414.32). Company insiders own 15.23% of the company’s stock.

About Restore

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.