StockNews.com Initiates Coverage on InnSuites Hospitality Trust (NYSE:IHT)

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Price Performance

IHT stock opened at $1.53 on Monday. The company has a market cap of $13.79 million, a PE ratio of 51.02 and a beta of 0.14. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.40. The stock has a 50-day moving average price of $1.44 and a two-hundred day moving average price of $1.37. InnSuites Hospitality Trust has a 12-month low of $0.95 and a 12-month high of $3.82.

Insider Buying and Selling

In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 200 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average price of $308.99 per share, for a total transaction of $61,798.00. Following the completion of the acquisition, the chief executive officer now owns 6,250,696 shares of the company’s stock, valued at approximately $1,931,402,557.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO James F. Wirth acquired 660 shares of InnSuites Hospitality Trust stock in a transaction on Monday, February 26th. The shares were bought at an average price of $971.16 per share, for a total transaction of $640,965.60. Following the completion of the purchase, the chief executive officer now directly owns 5,949,322 shares in the company, valued at approximately $5,777,743,553.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James F. Wirth bought 200 shares of the stock in a transaction dated Tuesday, April 16th. The stock was bought at an average price of $308.99 per share, with a total value of $61,798.00. Following the purchase, the chief executive officer now owns 6,250,696 shares of the company’s stock, valued at approximately $1,931,402,557.04. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,438 shares of company stock valued at $2,159,444. 2.03% of the stock is currently owned by corporate insiders.

InnSuites Hospitality Trust Company Profile

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.