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 research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Down 0.8 %

Shares of InnSuites Hospitality Trust stock opened at $2.42 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. The company has a fifty day simple moving average of $2.48 and a 200-day simple moving average of $2.28. The stock has a market cap of $21.21 million, a price-to-earnings ratio of -24.20 and a beta of -0.04. InnSuites Hospitality Trust has a 12-month low of $1.25 and a 12-month high of $2.70.

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.