Regis (NYSE:RGS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Regis Co. (NYSE:RGS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.37 and traded as high as $27.95. Regis shares last traded at $27.39, with a volume of 3,135 shares.

Regis Price Performance

The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.40 and a current ratio of 0.40. The company’s fifty day moving average price is $28.39 and its 200 day moving average price is $25.37. The firm has a market capitalization of $67.93 million, a price-to-earnings ratio of 0.69 and a beta of 1.48.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RGS. Aspire Growth Partners LLC boosted its holdings in shares of Regis by 119.7% in the third quarter. Aspire Growth Partners LLC now owns 32,187 shares of the company’s stock valued at $938,000 after acquiring an additional 17,538 shares in the last quarter. Kent Lake PR LLC bought a new stake in Regis during the second quarter worth approximately $412,000. GSA Capital Partners LLP acquired a new stake in Regis in the third quarter worth approximately $335,000. Diametric Capital LP acquired a new stake in Regis in the second quarter worth approximately $233,000. Finally, Mink Brook Asset Management LLC bought a new position in Regis during the 3rd quarter valued at $267,000. Institutional investors and hedge funds own 31.50% of the company’s stock.

About Regis

Regis Corporation is a leading global provider of hair salon services, operating a diverse portfolio of branded businesses across the beauty care industry. The company specializes in professional hair cutting, styling, coloring and treatment services delivered through both company-owned and franchised locations. With a focus on affordability, convenience and quality, Regis serves individual consumers seeking personal grooming solutions as well as franchisees looking for established salon concepts.

The company’s brand portfolio includes nationally recognized names such as Supercuts, Cost Cutters, SmartStyle (located inside Walmart stores) and Roosters Men’s Grooming Center, among others.