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

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of NYSE IHT opened at $1.91 on Wednesday. InnSuites Hospitality Trust has a twelve month low of $1.11 and a twelve month high of $2.25. The stock’s 50 day moving average price is $1.91 and its 200-day moving average price is $1.67. The company has a market capitalization of $17.24 million, a PE ratio of -95.50 and a beta of 0.13. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.54.

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.