Restore (LON:RST) Stock Crosses Below 200-Day Moving Average - What's Next?

Restore plc (LON:RST - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 258.74 ($3.18) and traded as low as GBX 235 ($2.89). Restore shares last traded at GBX 238 ($2.93), with a volume of 74,027 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 380 ($4.68) target price on shares of Restore in a report on Thursday, November 21st.

Restore Stock Down 0.6 %

The firm's 50-day moving average is GBX 254.08 and its 200 day moving average is GBX 258.59. The firm has a market capitalization of £323.42 million, a P/E ratio of 7,888.17, 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.

Insider Transactions at Restore

In other Restore news, insider Lisa Fretwell acquired 199 shares of Restore stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average cost of GBX 253 ($3.11) per share, for a total transaction of £503.47 ($619.50). Also, insider Dan Baker bought 25,000 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were bought at an average price of GBX 256 ($3.15) per share, for a total transaction of £64,000 ($78,749.85). 15.23% of the stock is owned by insiders.

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.