Dalata Hotel Group (LON:DAL) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Dalata Hotel Group plc (LON:DAL)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 376.38 ($4.60) and traded as low as GBX 376 ($4.59). Dalata Hotel Group shares last traded at GBX 376 ($4.59), with a volume of 1,593 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 480 ($5.86) price objective on shares of Dalata Hotel Group in a research note on Tuesday, October 15th.

Dalata Hotel Group Price Performance

The firm has a market cap of £819.98 million, a PE ratio of 1,139.39 and a beta of 1.65. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 69.14. The company has a 50 day moving average price of GBX 376.38 and a 200 day moving average price of GBX 358.76.

Dalata Hotel Group Company Profile

Dalata Hotel Group plc owns, leases, and manages hotels under the Maldron Hotels and Clayton Hotels brand names in Dublin, Regional Ireland, the United Kingdom, and Continental Europe. It operates four-star hotels; and boutique hotels under The Gibson Hotel, The Samuel Hotel, Hotel 7, and The Belvedere Hotel brands.