Dalata Hotel Group (LON:DAL) Stock Price Passes Below 200-Day Moving Average of $359.06

Dalata Hotel Group plc (LON:DAL) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 359.06 ($4.74) and traded as low as GBX 344 ($4.54). Dalata Hotel Group shares last traded at GBX 344 ($4.54), with a volume of 359 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price target on Dalata Hotel Group from GBX 510 ($6.74) to GBX 480 ($6.34) and set a “buy” rating for the company in a research report on Wednesday, September 4th.

Dalata Hotel Group Stock Performance

The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 69.14. The firm’s fifty day moving average is GBX 352.17 and its two-hundred day moving average is GBX 359.06. The firm has a market cap of £793.67 million, a P/E ratio of 1,075.00 and a beta of 1.65.

Dalata Hotel Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 12th will be paid a dividend of €0.04 ($0.05) per share. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, September 12th. Dalata Hotel Group’s payout ratio is 3,125.00%.

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.