Regis (NASDAQ:RGS) Shares Down 2.2% – Here’s Why

Regis Corp (NASDAQ:RGS) was down 2.2% on Thursday . The stock traded as low as $22.81 and last traded at $23.49. Approximately 6,713 shares were traded during trading, a decline of 58% from the average daily volume of 16,031 shares. The stock had previously closed at $24.01.

Analyst Ratings Changes

RGS has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regis in a report on Monday, December 29th. Wall Street Zen downgraded shares of Regis from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Regis has a consensus rating of “Hold”.

Regis Price Performance

The stock has a market cap of $58.26 million, a price-to-earnings ratio of 0.51 and a beta of 1.48. The firm’s 50 day simple moving average is $26.65. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 0.58.

Regis (NASDAQ:RGS) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.50 earnings per share for the quarter. Regis had a net margin of 56.38% and a return on equity of 5.06%. The firm had revenue of $58.96 million for the quarter.

Regis Company Profile

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.