Restore (LON:RST) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Restore plc (LON:RST) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 230.66 ($3.09) and traded as high as GBX 260 ($3.48). Restore shares last traded at GBX 256 ($3.43), with a volume of 465,383 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on Restore from GBX 380 ($5.09) to GBX 400 ($5.36) and gave the company a “buy” rating in a research report on Thursday, March 13th.

Restore Price Performance

The stock has a market capitalization of £341.14 million, a P/E ratio of 89.37, a PEG ratio of 0.41 and a beta of 0.57. 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 company has a fifty day simple moving average of GBX 230.66 and a two-hundred day simple moving average of GBX 235.41.

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

Restore Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, June 12th will be given a GBX 3.80 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Restore’s previous dividend of $2.00. This represents a dividend yield of 1.58%. Restore’s payout ratio is currently 175.89%.

Insider Buying and Selling

In other Restore news, insider Dan Baker acquired 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of GBX 249 ($3.33) per share, for a total transaction of £2,490 ($3,334.67). Also, insider Charles Skinner acquired 44,438 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of GBX 225 ($3.01) per share, for a total transaction of £99,985.50 ($133,903.17). 15.23% of the stock is owned by company 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.