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

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

InnSuites Hospitality Trust Stock Performance

Shares of IHT opened at $2.03 on Friday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 1.22 and a current ratio of 1.22. InnSuites Hospitality Trust has a 1 year low of $1.22 and a 1 year high of $2.25. The firm has a fifty day moving average of $1.94 and a 200-day moving average of $1.73. The company has a market cap of $17.80 million, a price-to-earnings ratio of -33.74 and a beta of 0.13.

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.