Diamondrock Stock Hits New 52-Week Low (DRH)

NEW YORK ( TheStreet) -- Diamondrock Hospitality Company (NYSE: DRH) hit a new 52-week low Friday as it is currently trading at $6.94, below its previous 52-week low of $6.97 with 976,492 shares traded as of 2:35 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Diamondrock has a market cap of $1.3 billion and is part of the financial sector and real estate industry. Shares are down 36.8% year to date as of the close of trading on Thursday.

DiamondRock Hospitality Company, a lodging focused real estate company, owns and operates premium hotels and resorts in North America. Its properties are located in New York City, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations, such as the U.S.
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TheStreet Ratings rates Diamondrock as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Diamondrock Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

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