Red Lion Hotels Corp. (RLH) Sees Unusually-High Trading Volume
Red Lion Hotels Corp. (NYSE:RLH) shares saw strong trading volume on Monday . 91,345 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 93,802 shares.The stock last traded at $8.35 and had previously closed at $8.14.
Several brokerages have recently issued reports on RLH. B. Riley reiterated a “buy” rating and set a $11.00 price target on shares of Red Lion Hotels Corp. in a research report on Saturday. Zacks Investment Research upgraded Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The stock’s market cap is $167.39 million. The stock’s 50-day moving average is $7.29 and its 200 day moving average is $7.30.
Red Lion Hotels Corp. (NYSE:RLH) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.02. On average, equities analysts predict that Red Lion Hotels Corp. will post ($0.19) earnings per share for the current year.
Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company. The Company is engaged in the franchising, management and ownership of hotels under the brands, including Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites (collectively the RLHC Brands). The RLHC brands represent upscale, midscale and economy hotels.
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