American Hotel Income Properties REIT (TSE:HOT.UN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UNGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.61 and traded as low as C$0.54. American Hotel Income Properties REIT shares last traded at C$0.58, with a volume of 32,900 shares traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their price objective on American Hotel Income Properties REIT from C$0.80 to C$0.70 and set a “sector perform” rating for the company in a report on Wednesday.

View Our Latest Report on HOT.UN

American Hotel Income Properties REIT Price Performance

The stock has a market capitalization of C$40.41 million, a P/E ratio of -0.32 and a beta of 2.21. The company has a 50 day moving average of C$0.63 and a 200-day moving average of C$0.61. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63.

American Hotel Income Properties REIT Company Profile

(Get Free Report)

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. AHIP currently has 112 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand.

See Also

Receive News & Ratings for American Hotel Income Properties REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Hotel Income Properties REIT and related companies with MarketBeat.com's FREE daily email newsletter.