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

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

GreenTree Hospitality Group Trading Up 1.9 %

The company has a market cap of $276.19 million, a price-to-earnings ratio of 4.46 and a beta of 0.51. The company’s 50 day moving average price is $2.83 and its 200 day moving average price is $2.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.48 and a current ratio of 1.49.

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

Hedge Funds 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 GreenTree Hospitality Group Ltd. (NYSE:GHG) by 28.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,435 shares of the company’s stock after buying an additional 4,251 shares during the period. First Affirmative Financial Network’s holdings in GreenTree Hospitality Group were worth $60,000 at the end of the most recent reporting period. 8.05% of the stock is currently owned by institutional investors.

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.