InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report issued on Friday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of NYSE IHT opened at $2.18 on Friday. The stock has a market cap of $19.11 million, a price-to-earnings ratio of -36.33 and a beta of 0.19. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.22 and a current ratio of 1.22. InnSuites Hospitality Trust has a fifty-two week low of $1.25 and a fifty-two week high of $2.36. The firm’s 50-day simple moving average is $2.11 and its 200 day simple moving average is $1.91.

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.