Dalata Hotel Group (LON:DAL) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Dalata Hotel Group plc (LON:DAL) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 432.44 ($5.72) and traded as high as GBX 450 ($5.96). Dalata Hotel Group shares last traded at GBX 450 ($5.96), with a volume of 68 shares.

Dalata Hotel Group Trading Up 5.9 %

The company has a market capitalization of £1.14 billion, a PE ratio of 14.46 and a beta of 1.65. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 69.13. The business’s 50-day simple moving average is GBX 432.44 and its two-hundred day simple moving average is GBX 392.77.

Dalata Hotel Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 3rd will be paid a dividend of €0.08 ($0.10) per share. This is a boost from Dalata Hotel Group’s previous dividend of $0.04. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, April 3rd. Dalata Hotel Group’s dividend payout ratio is 32.12%.

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.