Greene King Holdings (GHG) Stock Dips Amidst Industry Downtrend

Company Overview - Greene King Holdings (GHG) is a Chinese franchise hotel operator with approximately 4,059 hotels and nearly 302,497 rooms across China [2] Financial Performance - The company reported revenues of $45.53 million and net profits of$8.52 million, with earnings per share at $0.08 [1] - Gross profit was recorded at$18.14 million, maintaining a price-to-earnings ratio of 9.45 [1] Stock Performance - GHG experienced a significant stock price decline of 5.37%, bringing its share value down to $3.09 [1] - The trading volume was 1,912 shares, with no turnover or price fluctuation reported at the time of the summary [1] - The sole institutional rating suggests holding the stock, with no recommendation to buy or sell [1] Industry Context - The accommodation industry sector reported an overall decline of 0.27% [1] - Luxurban Hotels Inc. and Sonder Holdings Inc. saw significant gains, indicating variability within the sector [1] - Luxurban Hotels Inc. had a turnover rate of 2.88% and a price swing of 9.54%, marking it as one of the more volatile stocks [1]