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

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHTGet Free Report) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Price Performance

InnSuites Hospitality Trust stock opened at $2.24 on Wednesday. The company has a market cap of $19.66 million, a price-to-earnings ratio of -37.36 and a beta of 0.19. The firm’s fifty day moving average is $2.04 and its 200 day moving average is $1.86. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.54. InnSuites Hospitality Trust has a 52-week low of $1.22 and a 52-week high of $2.36.

About InnSuites Hospitality Trust

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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.

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