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

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

InnSuites Hospitality Trust Price Performance

NYSE IHT opened at $2.03 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.54. InnSuites Hospitality Trust has a 1 year low of $1.22 and a 1 year high of $2.25. The company has a market cap of $17.80 million, a PE ratio of -33.74 and a beta of 0.13. The stock’s 50-day moving average price is $1.94 and its two-hundred day moving average price is $1.73.

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.