InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated at StockNews.com

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

InnSuites Hospitality Trust Price Performance

Shares of NYSE:IHT opened at $2.65 on Friday. InnSuites Hospitality Trust has a twelve month low of $1.25 and a twelve month high of $2.70. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82. The company has a market cap of $23.18 million, a PE ratio of -26.45 and a beta of 0.22. The company’s 50 day moving average is $2.49 and its 200 day moving average is $2.15.

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.