Ashford Rises On Unusually High Volume (AHT)

NEW YORK ( TheStreet) -- Ashford Hospitality (NYSE: AHT) is trading at unusually high volume Thursday with 2.3 million shares changing hands. It is currently at four times its average daily volume and trading up 24 cents (+2.8%) at $8.94 as of 4:02 p.m. ET.

Ashford has a market cap of $597.3 million and is part of the financial sector and real estate industry. Shares are up 7.9% year to date as of the close of trading on Wednesday.

Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States.

TheStreet Ratings rates Ashford as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Ashford Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.