Regis (NYSE:RGS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Regis Co. (NYSE:RGS)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.19 and traded as high as $23.95. Regis shares last traded at $23.37, with a volume of 24,902 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Regis from a “sell” rating to a “hold” rating in a research note on Friday, February 14th.

Regis Stock Performance

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.67. The business’s 50 day moving average is $18.64 and its two-hundred day moving average is $21.19. The company has a market cap of $56.93 million, a PE ratio of 0.59 and a beta of 1.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RGS. Aspire Growth Partners LLC purchased a new position in shares of Regis during the 1st quarter valued at $239,000. Renaissance Technologies LLC increased its holdings in Regis by 33.1% in the 4th quarter. Renaissance Technologies LLC now owns 18,646 shares of the company’s stock valued at $442,000 after acquiring an additional 4,640 shares during the last quarter. Sandia Investment Management LP increased its holdings in Regis by 101.1% in the 4th quarter. Sandia Investment Management LP now owns 32,936 shares of the company’s stock valued at $781,000 after acquiring an additional 16,561 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Regis by 101.1% in the 4th quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company’s stock valued at $781,000 after acquiring an additional 16,561 shares during the last quarter. Finally, TCW Group Inc. increased its holdings in Regis by 12.9% in the 4th quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock valued at $9,355,000 after acquiring an additional 45,060 shares during the last quarter. Hedge funds and other institutional investors own 31.50% of the company’s stock.

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.