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

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

InnSuites Hospitality Trust Trading Down 1.4 %

Shares of InnSuites Hospitality Trust stock opened at $1.41 on Tuesday. InnSuites Hospitality Trust has a fifty-two week low of $0.95 and a fifty-two week high of $3.82. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $12.72 million, a P/E ratio of 47.02 and a beta of 0.15. The company has a fifty day moving average of $1.45 and a 200 day moving average of $1.38.

Insider Transactions at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth bought 660 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of $971.16 per share, with a total value of $640,965.60. Following the purchase, the chief executive officer now owns 5,949,322 shares of the company’s stock, valued at $5,777,743,553.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James F. Wirth bought 660 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $971.16 per share, for a total transaction of $640,965.60. Following the completion of the transaction, the chief executive officer now owns 5,949,322 shares in the company, valued at $5,777,743,553.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James F. Wirth purchased 878 shares of InnSuites Hospitality Trust stock in a transaction on Friday, February 16th. The stock was bought at an average price of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the completion of the acquisition, the chief executive officer now owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The disclosure for this purchase can be found here. Insiders acquired a total of 2,338 shares of company stock valued at $2,077,824 over the last 90 days. Company insiders own 2.03% of the company’s stock.

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.