American Hotel Income Properties REIT (TSE:HOT.UN) Sets New 52-Week Low – What’s Next?

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s stock price hit a new 52-week low during trading on Tuesday. The company traded as low as C$0.12 and last traded at C$0.53, with a volume of 90,500 shares trading hands. The stock had previously closed at C$0.54.

American Hotel Income Properties REIT Stock Down 1.9%

The firm has a market cap of C$37.12 million, a price-to-earnings ratio of -0.71 and a beta of -1.93. The firm’s 50 day moving average price is C$0.54 and its two-hundred day moving average price is C$0.52. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36.

American Hotel Income Properties REIT Company Profile

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.