Target Hospitality Corp. (NASDAQ:TH) traded at a new 52-week high today of $5.25. This new high was reached on above average trading volume as 146,000 shares traded hands, while the average 30-day volume is approximately 79,000 shares.
Based on a current price of $4.87, Target Hospitality Corp. is currently 21.0% above its average consensus analyst price target of $3.85.
Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Target Hospitality serves clients in the oil, gas, mining, alternative energy, government, and immigration sectors. Its operating segment includes Permian Basin; Bakken Basin; Government; TCPL Keystone and others. It generates a majority of its revenue from the Permian Basin which consists of specialty rental and vertically integrated hospitality services revenue from customers in the oil and gas industry.
In the past 52 weeks, shares of Target Hospitality Corp. have traded between a low of $1.36 and a high of $5.25 and is now at $4.87, which is 258% above that low price.
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