Sotherly Hotels (NASDAQ:SOHO) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Sotherly Hotels Inc. (NASDAQ:SOHO)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.11 and traded as low as $0.78. Sotherly Hotels shares last traded at $0.81, with a volume of 50,738 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Sotherly Hotels in a research report on Saturday. They issued a “hold” rating for the company.

Sotherly Hotels Stock Up 2.1 %

The business’s fifty day moving average price is $0.92 and its two-hundred day moving average price is $1.11. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $16.08 million, a P/E ratio of -2.45 and a beta of 1.53.

Sotherly Hotels (NASDAQ:SOHO) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.30). Sotherly Hotels had a net margin of 0.92% and a return on equity of 3.48%. The firm had revenue of $40.70 million during the quarter, compared to analyst estimates of $42.00 million. Equities analysts expect that Sotherly Hotels Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. Thompson Davis & CO. Inc. grew its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 21.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,201 shares of the real estate investment trust’s stock after acquiring an additional 57,666 shares during the quarter. Thompson Davis & CO. Inc. owned about 1.63% of Sotherly Hotels worth $301,000 as of its most recent SEC filing. 27.54% of the stock is owned by institutional investors.

About Sotherly Hotels

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.