American Hotel Income Properties REIT (TSE:HOT.UN) Share Price Passes Above 200-Day Moving Average – Should You Sell?

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.60 and traded as high as C$0.68. American Hotel Income Properties REIT shares last traded at C$0.65, with a volume of 36,401 shares traded.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price objective on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a report on Tuesday, November 12th.

American Hotel Income Properties REIT Trading Down 4.4 %

The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 276.63. The stock has a market capitalization of C$51.50 million, a price-to-earnings ratio of -0.41 and a beta of 2.21. The firm has a 50-day moving average of C$0.66 and a 200 day moving average of C$0.60.

About American Hotel Income Properties REIT

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. AHIP currently has 112 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand.