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

Research analysts at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Down 2.2 %

IHT opened at $2.18 on Friday. The company has a market cap of $19.11 million, a P/E ratio of -36.33 and a beta of 0.19. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 4.54. The company’s 50 day moving average is $2.11 and its 200-day moving average is $1.91. InnSuites Hospitality Trust has a 1-year low of $1.25 and a 1-year high of $2.36.

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.