Sotherly Hotels (OTCMKTS:SOHON) Stock Jumps 1.4% – Still a Buy?

Sotherly Hotels Inc. (OTCMKTS:SOHON – Get Free Report)’s share price rose 1.4% during mid-day trading on Monday. The company traded as high as $3.65 and last traded at $3.65. 2,001 shares changed hands during trading, a decline of 71% from the average daily volume of 6,912 shares. The stock had previously closed at $3.60.

Sotherly Hotels Stock Performance

The company’s 50-day simple moving average is $3.40 and its 200 day simple moving average is $9.90.

About Sotherly Hotels

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Sotherly Hotels Inc. is a hotel-focused real estate investment trust that owns and operates upscale, full-service hotels. Its properties are primarily located in the southern United States and serve business and leisure travelers. The company’s hotels operate under well-known hospitality brands, including Hilton, Marriott and Hyatt. Sotherly has focused on acquiring, renovating and repositioning hotel properties to support their operations and guest services.

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