InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated at StockNews.com

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

InnSuites Hospitality Trust Trading Down 0.8 %

NYSE IHT opened at $2.42 on Thursday. InnSuites Hospitality Trust has a 52 week low of $1.25 and a 52 week high of $2.70. The firm has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.28. 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 stock has a market capitalization of $21.21 million, a PE ratio of -24.20 and a beta of -0.04.

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.