Regis (NYSE:RGS) Rating Increased to Hold at StockNews.com

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

Regis Stock Down 3.6 %

Shares of RGS stock traded down $0.64 on Friday, hitting $17.36. The company’s stock had a trading volume of 59,602 shares, compared to its average volume of 263,152. The stock has a market capitalization of $39.58 million, a price-to-earnings ratio of 0.47 and a beta of 2.48. Regis has a fifty-two week low of $3.87 and a fifty-two week high of $35.50. The firm’s fifty day moving average price is $23.91 and its 200-day moving average price is $18.48. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.35 and a quick ratio of 0.35.

Regis (NYSE:RGS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $6.92 earnings per share for the quarter. The company had revenue of $49.38 million during the quarter. Regis had a return on equity of 143.69% and a net margin of 45.49%.

Hedge Funds Weigh In On Regis

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

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.