Regis (NYSE:RGS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Regis (NYSE:RGS) from a sell rating to a hold rating in a research report released on Friday morning.

Regis Stock Performance

NYSE RGS opened at $18.28 on Friday. Regis has a 1 year low of $3.87 and a 1 year high of $35.50. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.35 and a quick ratio of 0.35. The company has a fifty day moving average price of $23.86 and a 200-day moving average price of $18.76. The firm has a market cap of $41.71 million, a price-to-earnings ratio of 0.49 and a beta of 2.48.

Regis (NYSE:RGS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $6.92 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 $49.38 million for the quarter.

Institutional Investors Weigh In On Regis

A hedge fund recently bought a new stake in Regis stock. Proficio Capital Partners LLC acquired a new stake in shares of Regis Co. (NYSE:RGS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,375 shares of the company’s stock, valued at approximately $450,000. Proficio Capital Partners LLC owned approximately 0.72% of Regis at the end of the most recent quarter. 31.50% of the stock is owned by institutional investors and hedge funds.

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.