Red Lion Hotels Corp. (RLH) Trading Down 4.3%
Shares of Red Lion Hotels Corp. (NYSE:RLH) were down 4.3% during mid-day trading on Wednesday . The company traded as low as $6.41 and last traded at $6.50, with a volume of 58,482 shares trading hands. The stock had previously closed at $6.79.
A number of analysts recently issued reports on RLH shares. Zacks Investment Research raised Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. B. Riley reissued a “buy” rating and set a $11.00 price objective on shares of Red Lion Hotels Corp. in a research report on Monday, July 11th.
The firm’s 50-day moving average is $7.44 and its 200-day moving average is $7.46. The company’s market cap is $131.49 million.
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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