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

StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report released on Sunday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of NYSE:IHT opened at $2.13 on Friday. InnSuites Hospitality Trust has a 12-month low of $1.22 and a 12-month high of $2.36. The company’s 50 day moving average price is $1.94 and its two-hundred day moving average price is $1.75. The firm has a market cap of $18.69 million, a PE ratio of -35.50 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.