GreenTree Hospitality Group (NYSE:GHG) Shares Break Above 50-Day Moving Average – Should You Sell?

Shares of GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 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 traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of GreenTree Hospitality Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

GreenTree Hospitality Group Price Performance

The stock has a market capitalization of $106.95 million, a P/E ratio of 21.20 and a beta of 0.65. The business has a fifty day simple moving average of $1.00 and a 200-day simple moving average of $1.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.70 and a current ratio of 1.70.

GreenTree Hospitality Group (NYSE:GHG) last released its quarterly earnings data on Monday, August 24th. The company reported $0.03 earnings per share 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 the consensus estimate of $46.91 million.

Institutional Investors Weigh In On GreenTree Hospitality Group

A hedge fund recently raised its position in GreenTree Hospitality Group stock. Renaissance Technologies LLC lifted its stake in shares of GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,080 shares of the company’s stock after purchasing 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. 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.