StockNews.com Initiates Coverage on InnSuites Hospitality Trust (NYSE:IHT)

Equities research analysts at StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of InnSuites Hospitality Trust stock opened at $2.58 on Friday. The stock has a market capitalization of $22.60 million, a P/E ratio of -25.79 and a beta of 0.14. InnSuites Hospitality Trust has a one year low of $1.25 and a one year high of $2.70. The company has a debt-to-equity ratio of 5.82, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50 day simple moving average is $2.57 and its two-hundred day simple moving average is $2.23.

InnSuites Hospitality Trust Company Profile

InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. IHT qualifies as a Real Estate Investment Trust (REIT) for tax treatment currently taxed as a corporation with the IRS.