Restore (LON:RST) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Restore plc (LON:RST) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 248.64 ($3.13) and traded as low as GBX 222.86 ($2.80). Restore shares last traded at GBX 222.86 ($2.80), with a volume of 1,059,657 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 380 ($4.78) target price on shares of Restore in a research note on Thursday, November 21st.

Restore Stock Performance

The firm’s 50 day moving average price is GBX 226.18 and its 200-day moving average price is GBX 248.37. The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07. The firm has a market capitalization of £299.25 million, a PE ratio of 78.40, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57.

Restore Company Profile

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.