Ashford (NYSE:AINC) Coverage Initiated at StockNews.com
by Renee Jackson · The Cerbat GemInvestment analysts at StockNews.com began coverage on shares of Ashford (NYSE:AINC – Get Free Report) in a note issued to investors on Friday. The brokerage set a “buy” rating on the stock.
Ashford Stock Up 0.4 %
Shares of Ashford stock opened at $4.73 on Friday. Ashford has a fifty-two week low of $1.91 and a fifty-two week high of $12.70. The firm has a market capitalization of $16.22 million, a price-to-earnings ratio of -0.35 and a beta of 1.64.
Ashford (NYSE:AINC – Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.98 earnings per share (EPS) for the quarter. Ashford had a negative net margin of 0.60% and a negative return on equity of 17.01%. The company had revenue of $206.81 million during the quarter, compared to analysts’ expectations of $187.90 million.
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.