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

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

InnSuites Hospitality Trust Price Performance

IHT opened at $1.73 on Wednesday. The firm has a market cap of $15.58 million, a price-to-earnings ratio of -86.35 and a beta of 0.11. InnSuites Hospitality Trust has a fifty-two week low of $0.95 and a fifty-two week high of $1.98. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.49. The company’s 50-day moving average price is $1.66 and its 200 day moving average price is $1.52.

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.