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

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

InnSuites Hospitality Trust Stock Down 3.4 %

IHT opened at $2.54 on Friday. InnSuites Hospitality Trust has a 1-year low of $1.25 and a 1-year high of $2.70. The stock’s fifty day simple moving average is $2.57 and its 200 day simple moving average is $2.22. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. The stock has a market cap of $22.26 million, a PE ratio of -25.40 and a beta of 0.14.

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.