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

Dalata Hotel Group plc (LON:DAL)’s share price crossed 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 Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 480 ($5.86) price target on shares of Dalata Hotel Group in a report on Tuesday, October 15th.

Dalata Hotel Group Stock Down 0.3 %

The company has a market capitalization of £819.98 million, a price-to-earnings 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 firm’s 50 day simple moving average is GBX 376.38 and its 200-day simple moving average is GBX 358.76.

About Dalata Hotel Group

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.