Regis Corp. (NYSE:RGS) was down 2.9% during trading on Friday . The company traded as low as $12.87 and last traded at $12.87, with a volume of 88,743 shares changing hands. The stock had previously closed at $13.26.

Separately, Piper Jaffray Cos. lowered Regis Corp. from a “neutral” rating to an “underweight” rating in a research report on Thursday, May 19th.

The company’s market cap is $588.29 million. The company has a 50 day moving average of $13.37 and a 200-day moving average of $13.82.

Regis Corp. (NYSE:RGS) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. The company earned $47.70 million during the quarter, compared to analyst estimates of $456.17 million. Regis Corp.’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. Equities research analysts forecast that Regis Corp. will post $0.08 earnings per share for the current year.

Regis Corporation owns, franchises and operates beauty salons. The Company operates in three segments: North American Value, North American Premium and International. As of June 30, 2015, the Company owned, franchised or held ownership interests in 9,556 locations around the world. The Company’s locations consist of around 9,300 company-owned and franchised salons and around 200 locations in which it maintains a non-controlling ownership interest.

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