ASHFORD INC Receives Letter of Non-Compliance from NYSE American
December 27, 2023
🌥️Trending News
ASHFORD INC ($NYSEAM:AINC), a publicly traded hospitality company, recently received a letter of non-compliance from the NYSE American Exchange. The letter cited a failure to comply with the listing standards of the exchange, leading to a possible suspension or delisting from the exchange. ASHFORD INC is a hotel and hospitality company that has created a portfolio of brands across the hotel segment, including upscale and lifestyle. It has a diverse portfolio of hotels located in iconic and desirable locations around the world, providing its customers with a unique blend of comfort and luxury. Ashford has an extensive management team with expertise in marketing, operations, development, technology, finance, and asset management. The receipt of the letter of non-compliance indicates that Ashford must now address the NYSE American Exchange’s listing standards and correct any deficiencies.
If Ashford is unable to do so, then the NYSE American Exchange may take further action, including suspension or delisting. If this were to happen, Ashford’s common stock could potentially be delisted from the exchange and no longer traded on the open market. The letter of non-compliance is a reminder of the importance for publicly traded companies to remain in compliance with all exchange listing standards and regulations. As such, it is important for Ashford to take immediate action to address the issue at hand and ensure that it remains in compliance with the NYSE American Exchange’s listing standards.
Stock Price
The letter stated that the company was not in compliance with certain NYSE American rules and regulations related to its public filings and disclosure requirements. As a result, the stock opened at $3.8 and closed at $3.8, down by 1.4% from the prior closing price of $3.8. ASHFORD INC has been working to address the NYSE American’s non-compliance letter and is taking the necessary steps to come into compliance with the required rules and regulations. The Company is also in frequent communication with NYSE American to ensure that it is meeting all of the necessary requirements. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ashford Inc. More…
| Total Revenues | Net Income | Net Margin |
| 737.46 | -38.06 | -0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ashford Inc. More…
| Operations | Investing | Financing |
| 27.9 | -35.2 | -9.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ashford Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 483.1 | 777 | -92.63 |
Key Ratios Snapshot
Some of the financial key ratios for Ashford Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.1% | – | 2.2% |
| FCF Margin | ROE | ROA |
| 0.5% | -3.4% | 2.1% |
Analysis
GoodWhale’s analysis of ASHFORD INC‘s fundamentals shows that it is strong in growth, medium in profitability and weak in asset and dividend. According to GoodWhale’s Star Chart, ASHFORD INC is classified as a ‘cheetah’, a type of company that usually achieves high revenue or earnings growth but is considered less stable due to lower profitability. Considering its Star Chart, ASHFORD INC may attract investors who are looking for potential gains from capital appreciation. Moreover, its intermediate health score of 6/10 with regard to its cashflows and debt might make it attractive to those investors looking for companies that could sustain future operations in times of crisis. More…
Peers
Ashford Inc is an international holding company with a diverse portfolio of investments across the financial, food, beverage, hospitality, retail, and technology industries. It competes with several large companies such as Westwood Holdings Group Inc, HDFC Asset Management Company Limited, and P10 Inc. These companies are each well-established in their respective industries and offer competitive products and services to the marketplace.
– Westwood Holdings Group Inc ($NYSE:WHG)
Westwood Holdings Group Inc is a global asset management firm based in Dallas, Texas. It offers a range of investment strategies, including U.S. equity, global equity, international fixed income, real estate and private equity. As of 2023, its market capitalization was 113.68M. This implies that it is a mid-cap company. The company has also achieved an impressive Return on Equity (ROE) of 1.3%, which suggests that the company is utilizing their funds efficiently and growing returns for investors.
– HDFC Asset Management Company Limited ($BSE:541729)
HDFC Asset Management Company Limited is a leading asset management company in India, offering a wide range of financial products including mutual funds, insurance, and pension products. The company has a market capitalization of 682.07 billion USD as of 2023 and a return on equity (ROE) of 22.28%. This indicates that the company is performing well financially and is able to generate profits from its investments. HDFC Asset Management Company also provides its customers with financial planning services, portfolio management services, and advice. The company is dedicated to helping customers make informed decisions by providing them with the right information and guidance to manage their financial goals.
– P10 Inc ($NYSE:PX)
P10 Inc is a leading technology company that develops and markets advanced software products and services. The company has been in business since 1998 and is headquartered in California. As of 2023, P10 Inc has a market cap of 1.18 billion dollars and a Return on Equity (ROE) of 3.05%. This strong financial performance allows P10 Inc to invest in research and development, as well as grow their customer base by providing high quality products and services. P10 Inc’s financial performance has allowed them to remain a leader in the industry, and they continue to innovate and stay ahead of the competition.
Summary
Ashford Inc. is a company listed on the NYSE American Exchange. Recently, the company received a letter of non-compliance from the exchange. This has led to a decrease in investor confidence towards the stock. Financial analysts recommend that investors thoroughly review the company’s financial statements and operations before investing in Ashford Inc. They also suggest that investors should make sure they understand the risks and understand the company’s ability to generate cash flow before making any decisions.
Additionally, investors should monitor Ashford’s progress in addressing the non-compliance issues with the NYSE American in order to evaluate the stock’s future prospects.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
