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

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of NYSE IHT opened at $2.53 on Friday. The company has a debt-to-equity ratio of 5.82, a quick ratio of 1.62 and a current ratio of 1.62. InnSuites Hospitality Trust has a fifty-two week low of $1.25 and a fifty-two week high of $2.70. The firm has a market capitalization of $22.17 million, a PE ratio of -25.30 and a beta of 0.12. The stock’s 50-day simple moving average is $2.44 and its 200-day simple moving average is $2.36.

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.