InnSuites Hospitality Trust (NYSE:IHT) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Up 2.3 %

IHT stock opened at $1.34 on Wednesday. The firm has a 50-day moving average price of $1.44 and a 200-day moving average price of $1.38. The stock has a market capitalization of $12.09 million, a P/E ratio of 44.68 and a beta of 0.15. InnSuites Hospitality Trust has a 12 month low of $0.95 and a 12 month high of $3.82. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.40.

Insider Activity

In related news, CEO James F. Wirth purchased 660 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $971.16 per share, with a total value of $640,965.60. Following the completion of the purchase, the chief executive officer now owns 5,949,322 shares in the company, valued at approximately $5,777,743,553.52. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO James F. Wirth acquired 200 shares of InnSuites Hospitality Trust stock in a transaction dated Wednesday, April 10th. The stock was bought at an average price of $301.50 per share, with a total value of $60,300.00. Following the transaction, the chief executive officer now directly owns 6,250,496 shares in the company, valued at approximately $1,884,524,544. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James F. Wirth acquired 660 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $971.16 per share, for a total transaction of $640,965.60. Following the transaction, the chief executive officer now directly owns 5,949,322 shares in the company, valued at $5,777,743,553.52. The disclosure for this purchase can be found here. Insiders bought 2,538 shares of company stock valued at $2,135,502 over the last quarter. 2.03% of the stock is owned by company 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.