Red Lion Hotels Corp. (RLH) Shares Up 8%
Shares of Red Lion Hotels Corp. (NYSE:RLH) shot up 8% on Tuesday . The stock traded as high as $8.19 and last traded at $8.13, with a volume of 70,651 shares changing hands. The stock had previously closed at $7.53.
Several research firms have weighed in on RLH. Zacks Investment Research raised Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. TheStreet raised Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, March 17th. Finally, B. Riley reissued a “buy” rating and issued a $11.00 price target on shares of Red Lion Hotels Corp. in a research report on Monday.
The company has a 50 day moving average price of $7.28 and a 200 day moving average price of $7.27. The company’s market cap is $162.15 million.
Red Lion Hotels Corp. (NYSE:RLH) last posted its earnings results on Tuesday, May 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.02. 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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