Shares of Ashford Inc. (NYSEAMERICAN:AINC – Get Free Report) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $4.97 and traded as low as $4.96. Ashford shares last traded at $4.97, with a volume of 209,000 shares changing hands.
Ashford Trading Up 0.2%
The company’s 50 day moving average is $4.97 and its 200-day moving average is $4.97. The company has a market capitalization of $17.05 million, a P/E ratio of -0.37 and a beta of 1.64.
About Ashford
Ashford Inc (NYSE American: AINC) is an alternative asset management company focused primarily on the hospitality and real estate sectors. The company provides investment management and related services through a platform that sponsors and advises real estate investment vehicles and other investment entities.
Ashford’s portfolio and investment activities are centered on hotels and lodging-related assets. The company serves as the external advisor to Ashford Hospitality Trust, Inc, which owns a portfolio of upscale and upper-upscale hotels, and Braemar Hotels & Resorts Inc, which focuses on luxury hotels and resorts.
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