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

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Friday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

Shares of InnSuites Hospitality Trust stock opened at $2.18 on Friday. The company has a debt-to-equity ratio of 4.54, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $19.11 million, a PE ratio of -36.33 and a beta of 0.19. The firm has a fifty day moving average price of $2.11 and a two-hundred day moving average price of $1.91. InnSuites Hospitality Trust has a fifty-two week low of $1.25 and a fifty-two week high of $2.36.

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.