Regis (NYSE:RGS) Stock Crosses Above 200 Day Moving Average – Here’s Why

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.

Analyst Upgrades and Downgrades

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

Regis Stock Performance

The business’s fifty day moving average is $22.71 and its 200-day moving average is $23.46. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69. The company has a market cap of $52.85 million, a PE ratio of 0.62 and a beta of 2.50.

Hedge Funds Weigh In On Regis

A number of institutional investors and hedge funds have recently made changes to their positions in RGS. Proficio Capital Partners LLC bought a new stake in shares of Regis in the 3rd quarter worth about $450,000. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 6,492 shares during the period. Finally, TCW Group Inc. purchased a new position in shares of Regis during the third quarter valued at $9,610,000. 31.50% of the stock is owned by hedge funds and other institutional investors.

About Regis

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.