Sotherly Hotels Inc. (OTCMKTS:SOHON – Get Free Report)’s stock price shot up 5.2% during mid-day trading on Wednesday. The stock traded as high as $3.5250 and last traded at $3.5250. 200 shares changed hands during trading, a decline of 97% from the average session volume of 7,085 shares. The stock had previously closed at $3.35.
Sotherly Hotels Stock Performance
The business has a 50-day moving average price of $2.80 and a two-hundred day moving average price of $8.78.
Sotherly Hotels Company Profile
Sotherly Hotels Inc is a self-managed lodging real estate investment trust that owns and operates full-service hotels primarily in the southern United States. Its properties generally serve business and leisure travelers and are located in urban, resort, and high-growth secondary markets.
The company’s hotel portfolio has included properties operated under well-known hospitality brands, including Marriott, Hilton, and Hyatt, as well as independent hotels. Its operations encompass guest accommodations, food and beverage outlets, meeting and event facilities, and other services commonly associated with full-service lodging.
Sotherly Hotels was founded in 2004 and is headquartered in Williamsburg, Virginia.
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