Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) shares fell 88.4% during trading on Thursday . The company traded as low as $1.00 and last traded at $1.00. Approximately 200 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 7,863 shares. The stock had previously closed at $8.60.
Sotherly Hotels Trading Down 88.4%
The business has a 50 day simple moving average of $10.34 and a two-hundred day simple moving average of $14.48.
Sotherly Hotels Company Profile
Sotherly Hotels, Inc is a publicly traded real estate investment trust (REIT) that invests in and owns a diversified portfolio of hospitality properties throughout the United States. Through its subsidiaries, the company holds interests in full-service and select-service hotels operating under major brand franchises, including Marriott, Hilton, Hyatt and IHG. Its core business activities encompass acquisition, financing, management and disposition of lodging assets, with a focus on generating stable income through long-term lease and management agreements.
Since its formation in early 2019, Sotherly Hotels has pursued a strategy of portfolio expansion and diversification by acquiring properties in key leisure and urban markets.
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