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

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

InnSuites Hospitality Trust Trading Up 0.8 %

InnSuites Hospitality Trust stock opened at $1.37 on Monday. The company has a 50 day moving average price of $1.44 and a 200 day moving average price of $1.37. InnSuites Hospitality Trust has a 52 week low of $0.95 and a 52 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 firm has a market capitalization of $12.37 million, a price-to-earnings ratio of 45.72 and a beta of 0.14.

Insider Activity at InnSuites Hospitality Trust

In related news, CEO James F. Wirth acquired 878 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were bought at an average price of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the acquisition, the chief executive officer now owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO James F. Wirth bought 878 shares of InnSuites Hospitality Trust stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the completion of the transaction, the chief executive officer now owns 5,948,662 shares of the company’s stock, valued at $7,326,610,065.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James F. Wirth purchased 200 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired at an average cost of $301.50 per share, with a total value of $60,300.00. Following the completion of the purchase, the chief executive officer now owns 6,250,496 shares of the company’s stock, valued at $1,884,524,544. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,938 shares of company stock valued at $1,844,444. 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.