Shares of Regis Co. (NYSE:RGS – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.04 and traded as high as $1.49. Regis shares last traded at $1.44, with a volume of 248,080 shares.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Regis in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock.
Regis Stock Performance
The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 39.31. The company has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.04.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Developers LLC purchased a new stake in Regis during the second quarter valued at $4,071,000. First Manhattan Co. increased its position in Regis by 19.2% during the third quarter. First Manhattan Co. now owns 3,575,000 shares of the company’s stock valued at $3,610,000 after acquiring an additional 575,000 shares during the last quarter. Vanguard Group Inc. increased its position in Regis by 49.4% during the third quarter. Vanguard Group Inc. now owns 1,911,336 shares of the company’s stock valued at $1,931,000 after acquiring an additional 631,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Regis by 51.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,462,420 shares of the company’s stock valued at $3,101,000 after acquiring an additional 496,617 shares during the last quarter. Finally, Royce & Associates LP increased its position in Regis by 32.5% during the first quarter. Royce & Associates LP now owns 1,347,732 shares of the company’s stock valued at $2,857,000 after acquiring an additional 330,291 shares during the last quarter. 40.49% of the stock is owned by institutional investors.
Regis Company Profile
Regis Corporation owns, operates, and franchises hairstyling and hair care salons in the United States, Canada, Puerto Rico, and the United Kingdom. The company operates in two segments, Franchise Salons and Company-Owned Salons. Its salons provide haircutting and styling, including shampooing and conditioning; hair coloring; and other services, as well as sells various hair care and other beauty products.
- Get a free copy of the StockNews.com research report on Regis (RGS)
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