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Restore (LON:RST) Shares Cross Below 200-Day Moving Average - Here's Why

Restore logo with Industrials background

Restore plc (LON:RST - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 254.12 ($3.33) and traded as low as GBX 247 ($3.23). Restore shares last traded at GBX 250 ($3.27), with a volume of 248,146 shares traded.

Restore Stock Performance

The stock has a 50-day moving average price of GBX 263.99 and a 200 day moving average price of GBX 254.36. 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 firm has a market cap of £341.68 million, a PE ratio of 8,333.33, a P/E/G ratio of 0.41 and a beta of 0.57.

Restore Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Thursday, September 19th will be paid a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.78%. The ex-dividend date is Thursday, September 19th. Restore's dividend payout ratio is currently 16,666.67%.

Insider Activity at Restore

In other Restore news, insider Charles Skinner purchased 100,000 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of GBX 280 ($3.66) per share, with a total value of £280,000 ($366,444.18). In other news, insider Charles Skinner bought 100,000 shares of Restore stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of GBX 280 ($3.66) per share, with a total value of £280,000 ($366,444.18). Also, insider Dan Baker purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of GBX 273 ($3.57) per share, with a total value of £8,190 ($10,718.49). 15.23% of the stock is currently owned by insiders.

About Restore

(Get Free Report)

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.

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