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Restore (LON:RST) Stock Passes Below 200-Day Moving Average - What's Next?


Restore (LON:RST) Stock Passes Below 200-Day Moving Average   - What's Next?

Restore plc (LON:RST - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 257.24 ($3.15) and traded as low as GBX 218 ($2.67). Restore shares last traded at GBX 223.50 ($2.73), with a volume of 3,543,340 shares changing hands.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 380 ($4.65) target price on shares of Restore in a research report on Thursday, November 21st.

Get Our Latest Stock Analysis on RST

The company has a market cap of £304.98 million, a PE ratio of 7,438.33, a PEG ratio of 0.41 and a beta of 0.57. The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The company has a 50-day moving average of GBX 250.02 and a 200-day moving average of GBX 257.24.

In other Restore news, insider Lisa Fretwell acquired 199 shares of the business's stock in a transaction on Tuesday, October 22nd. The shares were acquired at an average price of GBX 253 ($3.10) per share, with a total value of £503.47 ($616.02). 15.23% of the stock is owned by insiders.

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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