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

Analysts at StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of IHT stock opened at $2.54 on Wednesday. The company has a market capitalization of $22.21 million, a P/E ratio of -25.35 and a beta of 0.22. The business’s 50 day moving average is $2.38 and its two-hundred day moving average is $2.06. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. InnSuites Hospitality Trust has a 12-month low of $1.25 and a 12-month high of $2.70.

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.