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

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

InnSuites Hospitality Trust Price Performance

NYSE IHT opened at $2.20 on Monday. The firm has a market cap of $19.25 million, a P/E ratio of -36.58 and a beta of 0.19. The stock’s 50-day moving average is $1.97 and its two-hundred day moving average is $1.80. InnSuites Hospitality Trust has a fifty-two week low of $1.22 and a fifty-two week high of $2.36. The company has a debt-to-equity ratio of 4.54, a current ratio of 1.22 and a quick ratio of 1.22.

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.