Diamondrock Hospitality Co. (NYSE:DRH) price closed lower on Tuesday, April 16, dropping -3.44% below its previous close.
A look at the daily price movement shows that the last close reads $9.31. The company’s P/E ratio in the trailing 12-month period read 24.93. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.99 and 52-week low of $7.33. The stock subtracted -4.16% on its value in the past month.
Diamondrock Hospitality Co., which has a market valuation of $1.88 billion. The company stock has a Forward Dividend ratio of 0.12, while the dividend yield is 1.33%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DRH a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that DRH’s price is at present -5.19% off the SMA20 and -4.25% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 36.96, with weekly volatility standing at 2.39%. The indicator jumps to 2.07% when calculated based on the past 30 days. Diamondrock Hospitality Co. (NYSE:DRH)’s beta value is holding at 1.59, while the average true range (ATR) indicator is currently reading 0.22.
An analysis of the Diamondrock Hospitality Co. (NYSE:DRH) stock in terms of its daily trading volume indicates that the 3-month average is 1.65 million.
Current records show that the company has 209.63M in outstanding shares. The insiders’ percentage holdings are 2.37% of outstanding shares while the percentage share held by institutions stands at 105.32%. But the -4.26% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
