Sotherly Hotels (NASDAQ:SOHOB) Trading 0.2% Higher – Time to Buy?

Sotherly Hotels Inc. (NASDAQ:SOHOBGet Free Report)’s share price rose 0.2% during mid-day trading on Wednesday . The stock traded as high as $16.88 and last traded at $16.80. Approximately 11,743 shares changed hands during mid-day trading, an increase of 130% from the average daily volume of 5,101 shares. The stock had previously closed at $16.77.

Sotherly Hotels Price Performance

The firm has a 50 day moving average of $15.04 and a 200-day moving average of $14.63.

About Sotherly Hotels

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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.

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