Restore (LON:RST) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Restore plc (LON:RST)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 257.01 ($3.31) and traded as high as GBX 262.90 ($3.38). Restore shares last traded at GBX 261.50 ($3.37), with a volume of 112,438 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 380 ($4.89) target price on shares of Restore in a report on Friday, October 25th.

Restore Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.07 and a debt-to-equity ratio of 100.35. The company has a 50-day moving average price of GBX 257.01 and a 200-day moving average price of GBX 259.31. The firm has a market capitalization of £359.44 million, a price-to-earnings ratio of 8,716.67, a P/E/G ratio of 0.41 and a beta of 0.57.

Insider Transactions at Restore

In other news, insider Charles Skinner bought 100,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was purchased at an average cost of GBX 280 ($3.60) per share, for a total transaction of £280,000 ($360,313.99). In other news, insider Dan Baker bought 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was purchased at an average cost of GBX 256 ($3.29) per share, for a total transaction of £64,000 ($82,357.48). Also, insider Charles Skinner bought 100,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was purchased at an average price of GBX 280 ($3.60) per share, with a total value of £280,000 ($360,313.99). Over the last three months, insiders acquired 128,199 shares of company stock worth $35,269,347. Company insiders own 15.23% of the company’s stock.

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.