Restore (LON:RST) Shares Cross Below 200 Day Moving Average – Should You Sell?

Restore plc (LON:RST) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 256.10 and traded as low as GBX 248. Restore shares last traded at GBX 253.50, with a volume of 260,965 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 435 price objective on shares of Restore in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 367.33.

Restore Price Performance

The company has a debt-to-equity ratio of 118.39, a current ratio of 0.93 and a quick ratio of 1.28. The stock has a market cap of £338.75 million, a P/E ratio of -53.94, a P/E/G ratio of 0.41 and a beta of 0.12. The company’s 50 day simple moving average is GBX 256.47 and its 200 day simple moving average is GBX 256.10.

Restore announced that its Board of Directors has initiated a stock repurchase program on Monday, March 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other Restore news, insider Dan Baker sold 55,795 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of GBX 261, for a total value of £145,624.95. 16.26% of the stock is owned by company insiders.

About Restore

We provide secure and sustainable business services for data, information, communications and assets.

Restore plc leads the markets it serves. Supporting public and private sectors with critical services, income is highly predictable, recurring in nature and generates strong cashflows. We provide integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions.

The Group has over 75 sites providing national scale with local service.