Ashford (NYSEAMERICAN:AINC) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Ashford Inc. (NYSEAMERICAN:AINC) passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 Stock Up 0.2%

The stock has a fifty day moving average price of $4.97 and a two-hundred day moving average price of $4.97. The company has a market cap of $17.05 million, a price-to-earnings ratio of -0.37 and a beta of 1.64.

Ashford Company Profile

Ashford Inc (NYSEAMERICAN: AINC) is an investment management and advisory company specializing in real estate and hospitality assets. Through its subsidiaries, the firm provides asset management, financial advisory, capital raising and portfolio management services to a diversified group of publicly traded real estate investment trusts, private funds, closed-end investment companies and separately managed accounts.

The company’s investment strategies are focused on opportunity-driven real estate sectors with an emphasis on lodging properties, resort and leisure assets, and complementary real estate debt and equity instruments.