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 Trading Down 3.6 %

RGS stock opened at $17.36 on Friday. The company has a fifty day moving average price of $23.91 and a two-hundred day moving average price of $18.67. The stock has a market cap of $39.62 million, a price-to-earnings ratio of 0.47 and a beta of 2.48. Regis has a one year low of $3.87 and a one 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.

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

Institutional Investors Weigh In On Regis

A hedge fund recently bought a new stake in Regis stock. Proficio Capital Partners LLC bought a new stake in Regis Co. (NYSE:RGS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,375 shares of the company’s stock, valued at approximately $450,000. Proficio Capital Partners LLC owned 0.72% of Regis as of its most recent filing with the Securities and Exchange Commission (SEC). 31.50% of the stock is currently owned by hedge funds and other institutional investors.

About Regis

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.