Restore (LON:RST) Stock Price Passes Below 200-Day Moving Average of $445.46

Shares of Restore plc (LON:RSTGet Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 445.46 ($5.46) and traded as low as GBX 420 ($5.15). Restore shares last traded at GBX 424 ($5.20), with a volume of 33,030 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target on shares of Restore from GBX 570 ($6.98) to GBX 500 ($6.13) and set a “buy” rating on the stock in a research note on Thursday, July 28th.

Restore Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 88.96. The stock has a market cap of £579.50 million and a P/E ratio of 3,028.57. The firm’s fifty day moving average price is GBX 439.07 and its 200-day moving average price is GBX 445.46.

Restore Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be issued a GBX 2.60 ($0.03) dividend. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, September 15th. Restore’s dividend payout ratio is 51.43%.

About Restore

(Get Rating)

Restore plc, together with its subsidiaries, provides offices and workplaces services to the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The Digital & Information Management segment offers storage and retrieval solutions for hard copy documents, magnetic data storage tapes, and heritage assets; digital workflow services, including document scanning, workflow automation, cloud-based document management systems, robotic process automation, and artificial intelligence.

Further Reading

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