Ashford (NYSEAMERICAN:AINC) Shares Up 0.2% – Here’s Why
by Danessa Lincoln · The Markets DailyShares of Ashford Inc. (NYSEAMERICAN:AINC – Get Free Report) rose 0.2% during trading on Monday. The company traded as high as $5.00 and last traded at $4.97. Approximately 209,000 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 168,184 shares. The stock had previously closed at $4.96.
Ashford Price Performance
The company’s 50-day moving average is $4.97 and its two-hundred day moving average is $4.97. The firm has a market cap of $17.05 million, a P/E ratio of -0.37 and a beta of 1.64.
About Ashford
Ashford Inc is a hospitality-focused services company that provides hotel management and advisory services to hotel owners and investors. Through its subsidiaries, the company offers services that include hotel operations, asset management, and support for hospitality projects.
Ashford’s business has included advising publicly traded hotel real estate investment trusts Ashford Hospitality Trust and Braemar Hotels & Resorts. Its operations are primarily focused on the U.S. hospitality market.
Ashford Inc became an independent public company in 2014 following its separation from Ashford Hospitality Trust.