Regis (NYSE:RGS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Regis Co. (NYSE:RGS)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.72 and traded as high as $25.25. Regis shares last traded at $24.50, with a volume of 20,357 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Regis from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

Regis Trading Up 4.0 %

The firm has a market capitalization of $55.86 million, a P/E ratio of 0.66 and a beta of 2.50. The business’s 50 day moving average is $23.07 and its two-hundred day moving average is $23.72. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69.

Institutional Investors Weigh In On Regis

A number of institutional investors have recently added to or reduced their stakes in RGS. Geode Capital Management LLC boosted its holdings in Regis by 39.6% during the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after buying an additional 6,492 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Regis during the 3rd quarter valued at about $450,000. Finally, TCW Group Inc. purchased a new stake in Regis in the 3rd quarter worth approximately $9,610,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.

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.