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

Analysts at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Price Performance

IHT opened at $2.55 on Thursday. The firm has a market cap of $22.35 million, a price-to-earnings ratio of -25.50 and a beta of 0.22. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. The stock’s 50-day moving average price is $2.44 and its 200 day moving average price is $2.11. InnSuites Hospitality Trust has a 12-month low of $1.25 and a 12-month high of $2.70.

About InnSuites Hospitality Trust

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.