InnSuites Hospitality Trust (NYSE:IHT – Get Free Report) rose 2.6% during mid-day trading on Monday . The company traded as high as $1.58 and last traded at $1.58. Approximately 11,742 shares traded hands during trading, a decline of 51% from the average daily volume of 24,008 shares. The stock had previously closed at $1.54.
InnSuites Hospitality Trust Stock Performance
The stock has a fifty day moving average of $1.18 and a 200-day moving average of $1.22. The firm has a market capitalization of $14.37 million, a P/E ratio of -15.80 and a beta of 0.09. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82.
Institutional Investors Weigh In On InnSuites Hospitality Trust
An institutional investor recently bought a new position in InnSuites Hospitality Trust stock. Citadel Advisors LLC acquired a new position in shares of InnSuites Hospitality Trust (NYSE:IHT – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,121 shares of the company’s stock, valued at approximately $39,000. Citadel Advisors LLC owned approximately 0.24% of InnSuites Hospitality Trust as of its most recent SEC filing. 2.46% of the stock is owned by institutional investors.
About InnSuites Hospitality Trust
InnSuites Hospitality Trust (NYSE:IHT) is a real estate investment trust specializing in the ownership and operation of lodging properties across the western United States. Structured as a REIT, the company focuses on acquiring, managing and leasing midscale and economy hotel assets. Its portfolio includes full-service, limited-service and extended-stay properties that cater to both transient and group travelers.
The company’s principal activities encompass property management, guest services and facilities upkeep at each of its hotel locations.
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