Regis (NYSE:RGS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Regis Co. (NYSE:RGS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.57 and traded as high as $26.55. Regis shares last traded at $25.95, with a volume of 41,056 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Regis from a “sell” rating to a “hold” rating in a report on Thursday, August 29th.

Regis Price Performance

The firm has a market capitalization of $54.99 million, a P/E ratio of -12.24 and a beta of 2.46. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 5.81. The firm has a 50 day moving average price of $24.00 and a 200-day moving average price of $16.75.

Regis (NYSE:RGS) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $6.92 earnings per share (EPS) for the quarter. Regis had a negative return on equity of 119.67% and a net margin of 44.86%. The company had revenue of $49.38 million during the quarter.

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.