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

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report published on Wednesday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

NYSE:IHT opened at $2.28 on Wednesday. The stock has a market capitalization of $20.01 million, a PE ratio of -37.99 and a beta of 0.19. InnSuites Hospitality Trust has a 1-year low of $1.22 and a 1-year high of $2.36. The firm has a fifty day simple moving average of $2.06 and a 200 day simple moving average of $1.87. The company has a current ratio of 1.22, a quick 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.