Ashford (NYSEAMERICAN:AINC) Share Price Crosses Below 50-Day Moving Average of $14.25

Shares of Ashford Inc. (NYSEAMERICAN:AINC – Get Rating) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.25 and traded as low as $13.91. Ashford shares last traded at $13.91, with a volume of 1,026 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Ashford in a report on Thursday, January 12th. They set a “buy” rating on the stock.

Ashford Trading Down 1.6 %

The business has a fifty day simple moving average of $14.25 and a two-hundred day simple moving average of $15.18. The stock has a market cap of $43.33 million, a PE ratio of -1.46 and a beta of 2.00.

Ashford (NYSEAMERICAN:AINC – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.21. Ashford had a negative return on equity of 21.27% and a net margin of 1.60%. The firm had revenue of $164.61 million for the quarter, compared to analysts’ expectations of $148.21 million. On average, research analysts predict that Ashford Inc. will post 5.75 earnings per share for the current year.

Institutional Trading of Ashford

An institutional investor recently raised its position in Ashford stock. Uniplan Investment Counsel Inc. boosted its holdings in Ashford Inc. (NYSEAMERICAN:AINC – Get Rating) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,037 shares of the financial services provider’s stock after acquiring an additional 1,025 shares during the quarter. Uniplan Investment Counsel Inc. owned 3.82% of Ashford worth $1,604,000 at the end of the most recent quarter. 14.24% of the stock is currently owned by hedge funds and other institutional investors.

About Ashford

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Ashford, Inc engages in the provision of asset management, advisory services and other products and services primarily to clients in the hospitality industry. The firm operates through following business segments: REIT Advisory, Remington, Premier, JSAV, OpenKey, and Corporate & Other. The REIT Advisory segment provides asset management and advisory services to other entities.