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

Shares of Dalata Hotel Group plc (LON:DAL) crossed 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price objective 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 note on Wednesday, September 4th.

Dalata Hotel Group Stock Down 2.8 %

The company has a market capitalization of £771.32 million, a PE ratio of 1,078.13 and a beta of 1.65. The company has a debt-to-equity ratio of 69.14, a quick ratio of 0.70 and a current ratio of 0.82. The company’s 50-day moving average is GBX 352.03 and its 200 day moving average is GBX 358.80.

Dalata Hotel Group Cuts Dividend

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

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.