InnSuites Hospitality Trust (NYSE:IHT) Stock Price Up 0.6% – Here’s What Happened

InnSuites Hospitality Trust (NYSE:IHT)’s share price rose 0.6% during trading on Wednesday . The stock traded as high as $1.85 and last traded at $1.74. Approximately 30,243 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 244,613 shares. The stock had previously closed at $1.73.

InnSuites Hospitality Trust Stock Up 3.7%

The stock has a market capitalization of $16.97 million, a price-to-earnings ratio of -18.05 and a beta of 0.27. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 5.82. The firm has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.28.

Institutional Trading of InnSuites Hospitality Trust

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