Red Lion Hotels Corp. (RLH) Trading Down 9.8%
Red Lion Hotels Corp. (NYSE:RLH)’s share price traded down 9.8% on Wednesday . The stock traded as low as $6.78 and last traded at $6.80, with a volume of 56,314 shares trading hands. The stock had previously closed at $7.54.
Several research firms have commented on RLH. B. Riley reissued a “buy” rating and set a $11.00 target price on shares of Red Lion Hotels Corp. in a research report on Wednesday. Zacks Investment Research raised shares of Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th.
The company has a 50-day moving average of $7.48 and a 200-day moving average of $7.40. The stock’s market cap is $139.79 million.
Red Lion Hotels Corp. (NYSE:RLH) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.02. Equities analysts forecast 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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