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

Research analysts at StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of NYSE:IHT opened at $2.04 on Friday. InnSuites Hospitality Trust has a one year low of $1.22 and a one year high of $2.36. The firm has a market cap of $17.89 million, a PE ratio of -33.99 and a beta of 0.13. The firm’s 50 day simple moving average is $1.94 and its 200-day simple moving average is $1.76. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.22 and a current ratio of 1.22.

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.