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

Investment analysts at StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Down 1.1 %

NYSE IHT opened at $1.81 on Friday. InnSuites Hospitality Trust has a 12 month low of $1.11 and a 12 month high of $2.25. The company has a debt-to-equity ratio of 4.54, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $16.33 million, a price-to-earnings ratio of -91.50 and a beta of 0.14. The company’s fifty day moving average price is $1.77 and its two-hundred day moving average price is $1.60.

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.