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

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

InnSuites Hospitality Trust Stock Performance

Shares of NYSE IHT opened at $2.22 on Friday. The firm’s 50-day moving average price is $1.94 and its 200-day moving average price is $1.77. InnSuites Hospitality Trust has a 52-week low of $1.22 and a 52-week high of $2.36. The company has a market cap of $19.47 million, a PE ratio of -36.99 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.