InnSuites Hospitality Trust (NYSE:IHT) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Down 2.2 %

Shares of NYSE:IHT opened at $1.20 on Tuesday. The stock has a market cap of $10.81 million, a P/E ratio of 20.00 and a beta of 0.18. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.56. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $3.82. The business has a fifty day moving average of $1.26 and a two-hundred day moving average of $1.76.

Insider Buying and Selling at InnSuites Hospitality Trust

In related news, CEO James F. Wirth purchased 1,000 shares of InnSuites Hospitality Trust stock in a transaction on Wednesday, August 16th. The shares were bought at an average price of $1,850.00 per share, with a total value of $1,850,000.00. Following the transaction, the chief executive officer now directly owns 5,934,661 shares of the company’s stock, valued at $10,979,122,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James F. Wirth purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of $1,850.00 per share, for a total transaction of $1,850,000.00. Following the purchase, the chief executive officer now directly owns 5,934,661 shares of the company’s stock, valued at approximately $10,979,122,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chase, Jr. purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $600.00 per share, for a total transaction of $300,000.00. Following the purchase, the insider now directly owns 72,446 shares in the company, valued at $43,467,600. The disclosure for this purchase can be found here. Insiders have purchased 18,655 shares of company stock valued at $49,225,622 in the last quarter. Corporate insiders own 2.03% of the company’s stock.

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.