InnSuites Hospitality Trust (NYSE:IHT) Trading 7.2% Higher – Here’s Why

InnSuites Hospitality Trust (NYSE:IHT)’s share price rose 7.2% during mid-day trading on Tuesday . The company traded as high as $1.67 and last traded at $1.64. Approximately 318,576 shares traded hands during trading, an increase of 19% from the average session volume of 266,821 shares. The stock had previously closed at $1.53.

InnSuites Hospitality Trust Stock Up 7.2%

The company’s fifty day simple moving average is $1.32 and its 200 day simple moving average is $1.24. 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 firm has a market capitalization of $14.91 million, a P/E ratio of -16.40 and a beta of 0.29.

Hedge Funds Weigh In On InnSuites Hospitality Trust

A hedge fund recently bought a new position in InnSuites Hospitality Trust stock. Citadel Advisors LLC acquired a new position in InnSuites Hospitality Trust (NYSE:IHT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,121 shares of the company’s stock, valued at approximately $39,000. Citadel Advisors LLC owned 0.24% of InnSuites Hospitality Trust at the end of the most recent reporting period. 2.46% of the stock is owned by institutional investors.

InnSuites Hospitality Trust Company Profile

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.