Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) was down 6.6% on Friday. The stock traded as low as $3.20 and last traded at $3.20. 8,000 shares were traded during mid-day trading, an increase of 13% from the average session volume of 7,102 shares. The stock had previously closed at $3.4250.
Sotherly Hotels Trading Down 6.6%
The stock has a fifty day simple moving average of $3.16 and a 200-day simple moving average of $7.74.
About Sotherly Hotels
Sotherly Hotels Inc is a self-managed lodging real estate investment trust that owns and operates a portfolio of upscale and upper-upscale, full-service hotels. The company focuses primarily on hotel properties located in the southern United States and seeks to generate revenue through guest-room accommodations, food and beverage operations, meeting facilities, and other hotel services.
Sotherly’s properties generally operate under nationally recognized hotel brands through franchise or management arrangements, while the company oversees the ownership and strategic management of its hotel investments.
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