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

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of InnSuites Hospitality Trust stock opened at $2.23 on Friday. The firm has a market capitalization of $19.54 million, a P/E ratio of -37.16 and a beta of 0.19. 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 $1.25 and a 52 week high of $2.36. The firm’s 50 day moving average is $2.11 and its two-hundred day moving average is $1.90.

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.