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

Equities researchers at StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Down 0.8%

Shares of NYSE:IHT opened at $2.46 on Monday. InnSuites Hospitality Trust has a 12 month low of $1.28 and a 12 month high of $2.70. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82. The company’s fifty day simple moving average is $2.43 and its 200 day simple moving average is $2.38. The firm has a market cap of $21.56 million, a price-to-earnings ratio of -24.60 and a beta of 0.12.

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.