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

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

InnSuites Hospitality Trust Stock Performance

IHT stock opened at $2.30 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82. The business’s fifty day simple moving average is $2.52 and its two-hundred day simple moving average is $2.25. InnSuites Hospitality Trust has a twelve month low of $1.25 and a twelve month high of $2.70. The firm has a market cap of $20.16 million, a price-to-earnings ratio of -23.00 and a beta of 0.14.

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.