Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report) fell 2.1% during mid-day trading on Monday. The company traded as low as $3.4250 and last traded at $3.4250. Approximately 200 shares traded hands during trading, a decline of 96% from the average session volume of 5,097 shares. The stock had previously closed at $3.50.
Sotherly Hotels Price Performance
The company’s fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $7.07.
About Sotherly Hotels
Sotherly Hotels Inc is a self-managed and self-administered real estate investment trust focused on the ownership, acquisition, renovation and repositioning of full-service hotels. The company’s properties generally serve business and leisure travelers and operate in the upscale and upper-upscale segments of the lodging industry.
Sotherly Hotels owns and operates a portfolio of hotels in the United States, with a concentration in Southern and other select U.S. markets. Its properties may operate under recognized national brands as well as independent hotel names, and typically offer lodging, meeting and event facilities, restaurants, lounges and other hospitality services.
Founded in 2004, Sotherly Hotels has focused on investing in hotels located primarily in secondary and tertiary markets where management believes properties can benefit from operational improvements, renovations and repositioning.
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