GreenTree Hospitality Group (NYSE:GHG) Trading Up 1.9% – Time to Buy?

GreenTree Hospitality Group Ltd. (NYSE:GHG)’s stock price traded up 1.9% during trading on Friday . The company traded as high as $2.72 and last traded at $2.72. 3,267 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 8,586 shares. The stock had previously closed at $2.67.

GreenTree Hospitality Group Stock Performance

The company’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $2.74. The company has a market capitalization of $276.19 million, a price-to-earnings ratio of 4.46 and a beta of 0.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.48.

GreenTree Hospitality Group (NYSE:GHG) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $45.37 million during the quarter. GreenTree Hospitality Group had a return on equity of 16.13% and a net margin of 16.34%.

Institutional Investors Weigh In On GreenTree Hospitality Group

An institutional investor recently raised its position in GreenTree Hospitality Group stock. First Affirmative Financial Network lifted its stake in shares of GreenTree Hospitality Group Ltd. (NYSE:GHG) by 28.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,435 shares of the company’s stock after buying an additional 4,251 shares during the quarter. First Affirmative Financial Network’s holdings in GreenTree Hospitality Group were worth $60,000 as of its most recent filing with the Securities & Exchange Commission. 8.05% of the stock is owned by institutional investors and hedge funds.

About GreenTree Hospitality Group

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.