Regis (NYSE:RGS) Upgraded at StockNews.com

Regis (NYSE:RGS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Regis Stock Down 0.8 %

NYSE RGS traded down $0.19 during trading on Wednesday, hitting $22.46. 13,073 shares of the company traded hands, compared to its average volume of 24,760. The company has a market capitalization of $51.25 million, a P/E ratio of 0.60 and a beta of 2.50. The business has a fifty day simple moving average of $23.84 and a 200 day simple moving average of $23.82. Regis has a 12 month low of $3.87 and a 12 month high of $35.50. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.69.

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

Institutional Investors Weigh In On Regis

A number of institutional investors have recently bought and sold shares of RGS. TCW Group Inc. bought a new position in shares of Regis during the 3rd quarter worth about $9,610,000. Geode Capital Management LLC raised its position in Regis by 39.6% in the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after purchasing an additional 6,492 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Regis during the third quarter worth about $450,000. Institutional investors and hedge funds own 31.50% of the company’s stock.

Regis Company Profile

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.