Ashford (NYSE:AINC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Ashford (NYSE:AINC) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Ashford Stock Down 0.2 %

NYSE:AINC opened at $4.96 on Wednesday. The stock has a market cap of $17.06 million, a P/E ratio of -0.38 and a beta of 1.32. Ashford has a 52-week low of $1.91 and a 52-week high of $9.50. The stock’s 50 day moving average price is $4.89.

Ashford shares are scheduled to split on Monday, July 29th. The 10000-1 split was announced on Monday, July 29th. The newly created shares will be distributed to shareholders after the closing bell on Monday, July 29th.

Ashford (NYSE:AINC) last announced its earnings results on Wednesday, May 8th. The company reported $1.88 EPS for the quarter. The business had revenue of $209.13 million during the quarter. Ashford had a negative net margin of 0.55% and a negative return on equity of 21.29%.

Ashford Company Profile

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.