Restore (LON:RST) Shares Cross Below 200-Day Moving Average – What’s Next?

Restore plc (LON:RST) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 241.65 ($3.13) and traded as low as GBX 230 ($2.98). Restore shares last traded at GBX 230 ($2.98), with a volume of 1,022,384 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price objective on shares of Restore from GBX 380 ($4.92) to GBX 400 ($5.18) and gave the company a “buy” rating in a research note on Thursday, March 13th.

Restore Stock Performance

The firm’s 50-day simple moving average is GBX 223.38 and its two-hundred day simple moving average is GBX 241.37. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35. The stock has a market capitalization of £308.84 million, a PE ratio of 80.91, a PEG ratio of 0.41 and a beta of 0.57.

Restore (LON:RST) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX 19 ($0.25) earnings per share for the quarter. Restore had a return on equity of 1.64% and a net margin of 1.37%. On average, equities research analysts expect that Restore plc will post 20.4953032 earnings per share for the current fiscal year.

Restore Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 12th will be given a GBX 3.80 ($0.05) dividend. This is an increase from Restore’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 1.58%. Restore’s dividend payout ratio is presently 175.89%.

Insider Activity

In other Restore news, insider Charles Skinner acquired 44,438 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of GBX 225 ($2.91) per share, with a total value of £99,985.50 ($129,414.32). 15.23% of the stock is currently owned by corporate insiders.

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.