Restore (LON:RST) Stock Crosses Below 200 Day Moving Average – Here’s Why

Restore plc (LON:RST) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 255.64 ($3.19) and traded as low as GBX 224 ($2.80). Restore shares last traded at GBX 238 ($2.97), with a volume of 533,385 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 380 ($4.74) target price on shares of Restore in a research report on Thursday, November 21st.

Restore Stock Up 4.4 %

The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The company has a market capitalization of £325.27 million, a price-to-earnings ratio of 7,933.33, a P/E/G ratio of 0.41 and a beta of 0.57. The business’s 50-day moving average is GBX 245.15 and its 200-day moving average is GBX 255.63.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.