Red Lion Hotels Corp. (RLH) Shares Up 3.1%
Red Lion Hotels Corp. (NYSE:RLH) shot up 3.1% during mid-day trading on Thursday . The stock traded as high as $6.86 and last traded at $6.70, with a volume of 182,351 shares changing hands. The stock had previously closed at $6.50.
Several brokerages have issued reports on RLH. B. Riley reissued a “buy” rating and issued a $11.00 price target on shares of Red Lion Hotels Corp. in a report on Thursday, July 28th. Zacks Investment Research raised shares of Red Lion Hotels Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
The stock’s 50 day moving average is $7.43 and its 200 day moving average is $7.46. The firm’s market cap is $136.55 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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