Restore (LON:RST) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Restore plc (LON:RST) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 241.65 ($3.13) and traded as low as GBX 230 ($2.98). Restore shares last traded at GBX 230 ($2.98), with a volume of 1,022,384 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price target on Restore from GBX 380 ($4.92) to GBX 400 ($5.18) and gave the company a “buy” rating in a research report on Thursday, March 13th.

Restore Stock Performance

The firm’s 50 day moving average price is GBX 223.38 and its 200-day moving average price is GBX 241.37. The firm has a market cap of £308.84 million, a price-to-earnings ratio of 80.91, a P/E/G ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28.

Restore (LON:RST) last posted its quarterly earnings data on Thursday, March 13th. The company reported GBX 19 ($0.25) earnings per share (EPS) for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. On average, analysts anticipate that Restore plc will post 20.4953032 earnings per share for the current year.

Restore Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be issued a GBX 3.80 ($0.05) dividend. This is a boost from Restore’s previous dividend of $2.00. The ex-dividend date is Thursday, June 12th. This represents a yield of 1.58%. Restore’s dividend payout ratio is 175.89%.

Insiders Place Their Bets

In other Restore news, insider Charles Skinner bought 44,438 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of GBX 225 ($2.91) per share, for a total transaction of £99,985.50 ($129,414.32). Corporate insiders own 15.23% of the company’s stock.

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.