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IHT HOTEL REVENUE CONTINUES TO GROW
Globe Newswire (Mon, 8-Apr 6:52 AM ET)
InnSuites Hospitality Trust is a real estate investment trust. It is engaged in the ownership and operation of hotel properties. It owns and operates hotels, provides management services for hotels, and also provides trademark license services. The Trust is also involved in various operations incidental to the operation of hotels, such as the operation of restaurants, meeting/banquet room rentals, and the operation of a reservation system. It has one reportable segment Hotel Operations & Hotel Management Services.
Innsuites Hospitality Trust Shares Of Beneficial Interest trades on the AMEX stock market under the symbol IHT.
As of April 18, 2024, IHT stock price declined to $1.44 with 1,612 million shares trading.
IHT has a market cap of $12.99 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, IHT stock traded as high as $14.77 and as low as $.95.
The top ETF exchange traded funds that IHT belongs to (by Net Assets): VXF.
IHT stock has underperformed the market in the last year with a return of +3.9%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IHT shares. However, IHT has outperformed the market in the last 3 month and 2 week periods, returning +9.0% and +3.6%, while SPY returned +6.1% and -3.8%, respectively. This indicates IHT has been having a stronger performance recently.
IHT support price is $1.39 and resistance is $1.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IHT stock will trade within this expected range on the day.