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

Restore plc (LON:RST)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 256.10 and traded as low as GBX 248. Restore shares last traded at GBX 253.50, with a volume of 260,965 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 435 price objective on shares of Restore in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Restore currently has a consensus rating of “Buy” and an average price target of GBX 367.33.

Restore Stock Performance

The firm has a market capitalization of £338.75 million, a P/E ratio of -53.94, a P/E/G ratio of 0.41 and a beta of 0.12. The stock has a fifty day moving average of GBX 256.47 and a 200-day moving average of GBX 256.10. The company has a quick ratio of 1.28, a current ratio of 0.93 and a debt-to-equity ratio of 118.39.

Restore declared that its board has authorized a share repurchase plan on Monday, March 16th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Dan Baker sold 55,795 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of GBX 261, for a total value of £145,624.95. Company insiders own 16.26% of the company’s stock.

About Restore

We provide secure and sustainable business services for data, information, communications and assets.

Restore plc leads the markets it serves. Supporting public and private sectors with critical services, income is highly predictable, recurring in nature and generates strong cashflows. We provide integrated information and data management, business digitisation, secure recycling of paper and technology assets, and commercial relocation solutions.

The Group has over 75 sites providing national scale with local service.