Sotherly Hotels (NASDAQ:SOHOO) Shares Climb 1.4% – Still a Buy?

Sotherly Hotels Inc. (NASDAQ:SOHOO)’s share price shot up 1.4% on Monday. The stock traded as high as $3.65 and last traded at $3.65. 529 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 4,972 shares. The stock had previously closed at $3.60.

Sotherly Hotels Stock Performance

The company has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $9.15.

Sotherly Hotels Company Profile

Sotherly Hotels Inc. is a real estate investment trust focused on owning and operating upscale and upper-upscale, full-service hotels. Its properties generally serve business and leisure travelers and may include lodging, dining, meeting and event facilities, and other hotel amenities. The company’s portfolio has included hotels affiliated with major hospitality brands such as Hilton, Marriott and Hyatt. Sotherly has concentrated its investments in the southern United States, including markets in the Mid-Atlantic and Southeast.