InnSuites Hospitality Trust (NYSE:IHT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report issued on Thursday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of InnSuites Hospitality Trust stock opened at $2.31 on Thursday. The firm has a market capitalization of $20.24 million, a PE ratio of -38.49 and a beta of 0.19. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.54. InnSuites Hospitality Trust has a 12 month low of $1.22 and a 12 month high of $2.36. The business’s 50-day moving average price is $2.07 and its 200-day moving average price is $1.88.

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.