Regis (NASDAQ:RGS) Trading Down 2.2% – Here’s What Happened

Regis Corp (NASDAQ:RGS)’s share price fell 2.2% during trading on Thursday . The company traded as low as $22.81 and last traded at $23.49. 6,713 shares were traded during mid-day trading, a decline of 58% from the average session volume of 16,031 shares. The stock had previously closed at $24.01.

Analysts Set New Price Targets

A number of analysts have weighed in on RGS shares. Wall Street Zen cut Regis from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regis in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Regis Stock Performance

The company has a market cap of $55.95 million, a PE ratio of 0.49 and a beta of 1.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 0.51. The stock has a fifty day moving average of $26.57.

Regis (NASDAQ:RGS) last announced its earnings results on Wednesday, November 12th. The company reported $0.50 earnings per share (EPS) for the quarter. Regis had a return on equity of 5.06% and a net margin of 56.38%.The company had revenue of $58.96 million for the quarter.

Regis Company Profile

Regis (NASDAQ: RGS) is a company that owns, operates and franchises a portfolio of hair salon and beauty service brands. Its business centers on providing haircutting, styling, coloring and other salon services through both company-owned and franchised locations. The company’s brand portfolio includes well-known names in the haircut and salon market that serve a range of customer segments from value-focused walk-in haircuts to full-service salon experiences.

Regis generates revenue through salon operations, franchise fees and the sale of professional hair-care products and retail items.