GreenTree Hospitality Group (NYSE:GHG) Shares Break Above Fifty Day Moving Average – Time to Sell?

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.00 and traded as high as $1.10. GreenTree Hospitality Group shares last traded at $1.06, with a volume of 24,824 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GreenTree Hospitality Group in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, GreenTree Hospitality Group presently has an average rating of “Sell”.

GreenTree Hospitality Group Trading Down 1.0%

The business’s 50-day moving average is $1.00 and its two-hundred day moving average is $1.17. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $103.93 million, a PE ratio of 20.80 and a beta of 0.65.

GreenTree Hospitality Group (NYSE:GHG) last released its quarterly earnings data on Monday, August 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.15). GreenTree Hospitality Group had a net margin of 4.14% and a return on equity of 2.49%. The company had revenue of $34.61 million during the quarter, compared to analysts’ expectations of $46.91 million.

Hedge Funds Weigh In On GreenTree Hospitality Group

A hedge fund recently raised its stake in GreenTree Hospitality Group stock. Renaissance Technologies LLC boosted its stake in GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,080 shares of the company’s stock after acquiring an additional 10,191 shares during the quarter. Renaissance Technologies LLC owned about 0.20% of GreenTree Hospitality Group worth $252,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.05% of the company’s stock.

About GreenTree Hospitality Group

GreenTree Hospitality Group Ltd. is a China-based hotel management and franchising company. It develops and operates a portfolio of lodging brands serving business and leisure travelers, with offerings spanning economy, midscale and selected upscale hotel segments. The company’s brand portfolio has included GreenTree Inn, GreenTree Alliance, Vatica, GME, Gya, Shell and other hospitality concepts. Its services generally include hotel franchising and management, reservation and membership platforms, marketing support, operating standards, technology systems, and assistance with procurement and other hotel-related functions.