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

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

InnSuites Hospitality Trust Stock Performance

Shares of IHT stock opened at $2.54 on Monday. The business’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $1.99. The company has a market cap of $22.21 million, a PE ratio of -25.35 and a beta of 0.21. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. InnSuites Hospitality Trust has a 12-month low of $1.25 and a 12-month high of $2.70.

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.