05:53 PM EDT, 09/26/2024 (MT Newswires) -- Ashford Hospitality Trust ( AHT/PD ) said late Thursday it plans to implement a 1-for-10 reverse stock split.

The move would help the company regain compliance with the New York Stock Exchange's rule requiring listed companies to maintain an average closing share price of at least $1 over a consecutive 30-trading day period, Ashford said.

The NYSE notified the company of the noncompliance on Sept. 23.

Ashford shares were down 6.9% in after-hours activity.

Price: 0.8239, Change: -0.06, Percent Change: -6.38