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

Equities research analysts at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Performance

NYSE IHT opened at $2.54 on Wednesday. The company has a market cap of $22.21 million, a P/E ratio of -25.35 and a beta of 0.22. The company has a debt-to-equity ratio of 5.82, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50 day moving average price is $2.38 and its 200-day moving average price is $2.06. InnSuites Hospitality Trust has a fifty-two week low of $1.25 and a fifty-two week high of $2.70.

InnSuites Hospitality Trust Company Profile

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.