GreenTree Hospitality Group (NYSE:GHG) Posts Quarterly Earnings Results

GreenTree Hospitality Group (NYSE:GHGGet Free Report) announced its earnings results on Tuesday. The company reported $0.08 EPS for the quarter, Zacks reports. The firm had revenue of $48.78 million during the quarter.

GreenTree Hospitality Group Stock Performance

Shares of GHG traded up $0.13 during midday trading on Wednesday, hitting $2.59. The stock had a trading volume of 7,271 shares, compared to its average volume of 7,266. GreenTree Hospitality Group has a fifty-two week low of $2.38 and a fifty-two week high of $6.78. The business has a 50-day simple moving average of $2.91 and a two-hundred day simple moving average of $3.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.20 and a current ratio of 1.21.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of GreenTree Hospitality Group from an “underweight” rating to an “equal weight” rating and set a $4.00 target price for the company in a report on Monday, May 20th.

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GreenTree Hospitality Group Company Profile

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GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.

Further Reading

Earnings History for GreenTree Hospitality Group (NYSE:GHG)

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