Ashford Inc Now Tracked by StockNews.com with Buy Rating

StockNews.com initiated coverage on Ashford Inc (NYSEAMERICAN: AINC), a financial services company, assigning a 'buy' recommendation in a recent report published on a Sunday. This assessment added to the growing repository of market analyses aimed at investors seeking information on stock performance.

Ashford's Market Valuation and Analyst Opinions

Ashford's trading began at a value of $2.51 on the reporting Friday. The stock has experienced significant fluctuations over the past year, hitting a low of $1.92 and peaking at $13.74. Despite these variances, the current market capitalization of the company rests at $8.06 million, with a price-to-earnings ratio standing at -0.19 and a relatively high beta of 1.66, indicating above-average market volatility.

In conjunction with StockNews.com's coverage, Oppenheimer had previously adjusted its price target for Ashford from $17.00 to $14.00 whilst maintaining an 'outperform' rating.

Financial Highlights and Institutional Interest

Ashford disclosed a quarterly earnings per share (EPS) of $0.98 on Thursday, February 29th. The firm achieved revenues reaching $206.81 million, surpassing the anticipated $187.90 million projected by analysts. Despite the positive revenue, the company conveyed a negative return on equity (-17.27%) and a slim net margin (-0.60%).

Investors of note include Geode Capital Management LLC, which increased its stake in Ashford by 5.4% in the fourth quarter. The investment firm's additional 883 shares brought its total to 17,369, positioning it with ownership of about 0.56% of Ashford's stock, valued at $241,000.

Understanding Ashford's Business

Ashford Inc is noted for its role as an asset management organization, operating with a focus on the real estate and hospitality industries. Established on April 2, 2014, in Dallas, Texas, Ashford operates independently from Ashford Hospitality Trust, Inc as of November 5, 2019, marking its distinctive presence in the marketplace.

Analyses of Ashford, alongside daily news and ratings, are now more accessible to investors who can receive compact and insightful summaries from various financial information providers.

Ashford, AINC, StockNews