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

Restore plc (LON:RST) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 251.28 ($3.13) and traded as low as GBX 217.25 ($2.70). Restore shares last traded at GBX 217.25 ($2.70), with a volume of 101,440 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 380 ($4.73) price target on shares of Restore in a research note on Thursday, November 21st.

Restore Trading Down 1.4 %

The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. The company has a market capitalization of £293.84 million, a P/E ratio of 7,166.67, a PEG ratio of 0.41 and a beta of 0.57. The business’s 50-day moving average price is GBX 232.99 and its two-hundred day moving average price is GBX 251.28.

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.