Ashford (NYSEAMERICAN:AINC) Stock Price Crosses Above 50-Day Moving Average of $0.00

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Ashford Inc (NYSEAMERICAN:AINC) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $6.07. Ashford shares last traded at $5.76, with a volume of 7,519 shares trading hands.

Separately, Zacks Investment Research lowered Ashford from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th.

Ashford (NYSEAMERICAN:AINC) last posted its earnings results on Thursday, July 30th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.72. The company had revenue of $45.60 million during the quarter, compared to analysts’ expectations of $87.78 million.

In other Ashford news, COO Jeremy Welter purchased 8,000 shares of the stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $6.76 per share, with a total value of $54,080.00. Following the completion of the acquisition, the chief operating officer now owns 140,095 shares in the company, valued at $947,042.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders acquired 22,415 shares of company stock worth $147,752 in the last quarter.

An institutional investor recently bought a new position in Ashford stock. Bank of New York Mellon Corp purchased a new stake in Ashford Inc (NYSEAMERICAN:AINC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,147 shares of the financial services provider’s stock, valued at approximately $113,000. Bank of New York Mellon Corp owned 0.44% of Ashford at the end of the most recent quarter.

Ashford Company Profile (NYSEAMERICAN:AINC)

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.

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