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

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

InnSuites Hospitality Trust Stock Down 1.1 %

IHT stock opened at $2.59 on Friday. The company has a market cap of $22.70 million, a price-to-earnings ratio of -43.16 and a beta of 0.21. The company has a fifty day moving average price of $2.18 and a 200 day moving average price of $1.93. The company has a debt-to-equity ratio of 4.54, a current ratio of 1.22 and a quick ratio of 1.22. InnSuites Hospitality Trust has a 12 month low of $1.25 and a 12 month high of $2.70.

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.