Restore (LON:RST) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Restore plc (LON:RST)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 253.43 ($3.15) and traded as low as GBX 213.05 ($2.65). Restore shares last traded at GBX 216 ($2.69), with a volume of 164,018 shares changing hands.

Wall Street Analyst Weigh In

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

Restore Stock Down 1.4 %

The stock has a market cap of £291.11 million, a price-to-earnings ratio of 7,100.00, a PEG ratio of 0.41 and a beta of 0.57. The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07. The firm’s 50-day simple moving average is GBX 239.46 and its two-hundred day simple moving average is GBX 253.43.

About Restore

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.