InnSuites Hospitality Trust (NYSE:IHT) Trading 0.3% Higher – Here’s What Happened

InnSuites Hospitality Trust (NYSE:IHT) shares were up 0.3% on Thursday . The stock traded as high as $1.77 and last traded at $1.72. 19,314 shares traded hands during trading, a decline of 91% from the average session volume of 220,385 shares. The stock had previously closed at $1.7150.

InnSuites Hospitality Trust Price Performance

The firm has a market capitalization of $16.17 million, a P/E ratio of -17.20 and a beta of 0.29. The company has a debt-to-equity ratio of 5.82, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50-day moving average of $1.63 and a 200-day moving average of $1.32.

Institutional Investors Weigh In On InnSuites Hospitality Trust

A hedge fund recently bought a new stake in InnSuites Hospitality Trust stock. Citadel Advisors LLC bought a new stake in shares of InnSuites Hospitality Trust (NYSE:IHT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,121 shares of the company’s stock, valued at approximately $39,000. Citadel Advisors LLC owned 0.24% of InnSuites Hospitality Trust as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 2.46% of the company’s stock.

About InnSuites Hospitality Trust

InnSuites Hospitality Trust (NYSE:IHT) is a real estate investment trust specializing in the ownership and operation of lodging properties across the western United States. Structured as a REIT, the company focuses on acquiring, managing and leasing midscale and economy hotel assets. Its portfolio includes full-service, limited-service and extended-stay properties that cater to both transient and group travelers.

The company’s principal activities encompass property management, guest services and facilities upkeep at each of its hotel locations.