Regis (NYSE:RGS) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Posted by Mark Dietrich on Jan 22nd, 2025

Regis Co. (NYSE:RGS – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.72 and traded as high as $25.25. Regis shares last traded at $24.50, with a volume of 20,357 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Regis from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

View Our Latest Research Report on RGS

Regis Trading Up 3.5 %

The firm has a market capitalization of $55.97 million, a P/E ratio of 0.66 and a beta of 2.50. The business’s 50 day moving average is $23.16 and its two-hundred day moving average is $23.72. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69.

Regis (NYSE:RGS – Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.93 earnings per share for the quarter. Regis had a return on equity of 143.69% and a net margin of 45.49%. The firm had revenue of $46.06 million during the quarter.

Institutional Investors Weigh In On Regis

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Regis by 39.6% in the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock valued at $630,000 after buying an additional 6,492 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Regis in the 3rd quarter valued at $450,000. Finally, TCW Group Inc. bought a new stake in shares of Regis during the third quarter worth approximately $9,610,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.

About Regis

(Get Free Report)

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.