Red Lion Hotels Corp. (RLH) Sees Unusually-High Trading Volume
Red Lion Hotels Corp. (NYSE:RLH) saw unusually-high trading volume on Monday . Approximately 91,345 shares changed hands during 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.
RLH has been the topic of several analyst reports. Zacks Investment Research raised shares of Red Lion Hotels Corp. from a “sell” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Wednesday, March 23rd. B. Riley reaffirmed a “buy” rating and set a $11.00 price target on shares of Red Lion Hotels Corp. in a research note on Monday, July 11th.
The stock has a 50 day moving average of $7.31 and a 200-day moving average of $7.31. The stock’s market cap is $161.55 million.
Red Lion Hotels Corp. (NYSE:RLH) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.02. On average, analysts expect that Red Lion Hotels Corp. will post ($0.19) earnings per share for the current fiscal 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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