Shares of Red Lions Hotels Corporation (NYSE:RLH) traded today at $3.50, eclipsing its 52-week high. So far today approximately 118,000 shares have been exchanged, as compared to an average 30-day volume of 226,000 shares.
Red Lions Hotels Corporation share prices have moved between a 52-week high of $3.50 and a 52-week low of $1.16 and are now trading 201% above that low price at $3.49 per share.
Based on a current price of $3.49, Red Lions Hotels Corporation is currently 17.3% above its average consensus analyst price target of $2.89.
Red Lion Hotels Corp is a hospitality group covering upscale, midscale and economy hotels with operations spread across the United States. It owns, manages and franchises hotels and owns and operates an event ticket distribution business. Their hotels are operated under the brands, Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites. It operates in two segments, Company Operated Hotels segment which involves providing room food and beverages at owned and leased hotels and Franchised hotels segment which includes licensing of brands to franchisees.
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