Restore (LON:RST) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Restore plc (LON:RST)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 248.64 ($3.13) and traded as low as GBX 222.86 ($2.80). Restore shares last traded at GBX 222.86 ($2.80), with a volume of 1,059,657 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 380 ($4.78) target price on shares of Restore in a research report on Thursday, November 21st.

Restore Stock Down 0.1 %

The firm has a market cap of £299.25 million, a P/E ratio of 78.40, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The stock’s 50 day simple moving average is GBX 226.18 and its 200 day simple moving average is GBX 248.37. The company has a debt-to-equity ratio of 100.35, a quick ratio of 1.28 and a current ratio of 1.07.

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.