Equities researchers at StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Get Free Report) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.
InnSuites Hospitality Trust Stock Down 2.4 %
Shares of IHT stock opened at $1.20 on Monday. The firm has a market capitalization of $10.81 million, a P/E ratio of 20.00 and a beta of 0.18. InnSuites Hospitality Trust has a 1 year low of $0.95 and a 1 year high of $3.82. The firm’s fifty day moving average price is $1.30 and its two-hundred day moving average price is $1.76. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 2.56.
Insiders Place Their Bets
In related news, CEO James F. Wirth purchased 4,000 shares of the stock in a transaction on Monday, September 18th. The shares were purchased at an average price of $4,541.70 per share, with a total value of $18,166,800.00. Following the transaction, the chief executive officer now directly owns 5,940,661 shares of the company’s stock, valued at $26,980,700,063.70. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO James F. Wirth acquired 4,000 shares of the stock in a transaction dated Monday, September 18th. The shares were bought at an average cost of $4,541.70 per share, for a total transaction of $18,166,800.00. Following the purchase, the chief executive officer now directly owns 5,940,661 shares of the company’s stock, valued at $26,980,700,063.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chase, Jr. acquired 500 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $947.75 per share, for a total transaction of $473,875.00. Following the completion of the purchase, the insider now directly owns 63,291 shares in the company, valued at $59,984,045.25. The disclosure for this purchase can be found here. Insiders have purchased 18,155 shares of company stock valued at $48,925,622 in the last 90 days. 2.03% of the stock is currently owned by insiders.
About InnSuites Hospitality Trust
InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. IHT qualifies as a Real Estate Investment Trust (REIT) for tax treatment currently taxed as a corporation with the IRS.
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