Ashford (NYSEAMERICAN:AINC) Shares Cross Above 50-Day Moving Average of $0.00

Ashford Inc. (NYSEAMERICAN:AINC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $4.90. Ashford shares last traded at $4.90, with a volume of 11,503 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Ashford in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock.

Ashford Stock Down 1.0 %

The firm has a market cap of $16.64 million, a P/E ratio of -0.36 and a beta of 1.64.

Ashford (NYSEAMERICAN:AINC) last issued its earnings results on Thursday, February 29th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $206.81 million during the quarter, compared to the consensus estimate of $187.90 million. Ashford had a negative return on equity of 17.01% and a negative net margin of 0.60%.

About Ashford

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.