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

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

InnSuites Hospitality Trust Trading Up 4.7 %

Shares of NYSE:IHT opened at $2.13 on Friday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $18.68 million, a price-to-earnings ratio of -35.49 and a beta of 0.13. InnSuites Hospitality Trust has a 1-year low of $1.22 and a 1-year high of $2.36. The company has a 50 day moving average price of $1.94 and a 200 day moving average price of $1.75.

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.