Restore (LON:RST) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Restore plc (LON:RST) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 256.10 and traded as low as GBX 248. Restore shares last traded at GBX 253.50, with a volume of 260,965 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 435 price target on shares of Restore in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 367.33.

Restore Price Performance

The stock has a 50-day simple moving average of GBX 257.35 and a 200 day simple moving average of GBX 256.46. The company has a market cap of £351.44 million, a PE ratio of -55.96, a P/E/G ratio of 0.41 and a beta of 0.12. The company has a quick ratio of 1.28, a current ratio of 0.93 and a debt-to-equity ratio of 118.39.

Restore announced that its Board of Directors has initiated a share repurchase program on Monday, March 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Restore

In other Restore news, insider Dan Baker sold 55,795 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of GBX 261, for a total value of £145,624.95. Company insiders own 16.26% of the company’s stock.

Restore Company Profile

We provide secure and sustainable business services for data, information, communications and assets.

Restore plc leads the markets it serves. Supporting public and private sectors with critical services, income is highly predictable, recurring in nature and generates strong cashflows. We provide integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions.

The Group has over 75 sites providing national scale with local service.