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

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

InnSuites Hospitality Trust Price Performance

Shares of NYSE IHT opened at $1.97 on Friday. The stock has a market capitalization of $17.78 million, a price-to-earnings ratio of -98.50 and a beta of 0.14. InnSuites Hospitality Trust has a 12 month low of $1.11 and a 12 month high of $2.25. The firm’s 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.59. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.67 and a quick ratio of 1.67.

InnSuites Hospitality Trust Company Profile

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.