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

Regis Co. (NYSE:RGS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.46 and traded as high as $24.41. Regis shares last traded at $23.75, with a volume of 15,645 shares changing hands.

Analysts Set New Price Targets

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

Regis Stock Performance

The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.35 and a current ratio of 0.35. The company has a 50 day moving average price of $22.71 and a 200 day moving average price of $23.46. The company has a market capitalization of $52.85 million, a price-to-earnings ratio of 0.62 and a beta of 2.50.

Hedge Funds Weigh In On Regis

Institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of Regis during the third quarter valued at about $450,000. Geode Capital Management LLC raised its holdings in Regis by 39.6% in the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after purchasing an additional 6,492 shares in the last quarter. Finally, TCW Group Inc. purchased a new stake in Regis in the third quarter worth about $9,610,000. Institutional investors own 31.50% of the company’s stock.

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.