Regis Corp. Hits New 52-Week Low at $13.99 (RGS)
Shares of Regis Corp. (NYSE:RGS) hit a new 52-week low during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as low as $13.99 and last traded at $14.07, with a volume of 369,661 shares trading hands. The stock had previously closed at $14.17.
RGS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Regis Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $16.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Regis Corp. from a “hold” rating to a “sell” rating in a research note to investors on Friday, November 8th.
Regis Corp. has a 52-week low of $13.99 and a 52-week high of $19.14. The stock’s 50-day moving average is $14.90 and its 200-day moving average is $15.71. The company’s market cap is $789.5 million.
Regis Corp. (NYSE:RGS) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.06. The company had revenue of $468.60 million for the quarter, compared to the consensus estimate of $461.56 million. During the same quarter last year, the company posted $0.08 earnings per share. Regis Corp.’s revenue was down 7.3% compared to the same quarter last year. Analysts expect that Regis Corp. will post $0.15 EPS for the current fiscal year.
Regis Corporation business is engaged in owning, operating and franchising hair and retail product salons.
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