InnSuites Hospitality Trust (NYSE:IHT) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Down 5.1 %

IHT stock opened at $1.30 on Tuesday. The firm’s fifty day moving average is $1.45 and its 200 day moving average is $1.38. The firm has a market cap of $11.73 million, a PE ratio of 43.33 and a beta of 0.14. InnSuites Hospitality Trust has a one year low of $0.95 and a one year 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.

Insider Activity at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 878 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was acquired 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 directly owns 5,948,662 shares of the company’s stock, valued at $7,326,610,065.68. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO James F. Wirth purchased 200 shares of InnSuites Hospitality Trust stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average price of $301.50 per share, for a total transaction of $60,300.00. Following the transaction, the chief executive officer now directly owns 6,250,496 shares in the company, valued at $1,884,524,544. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James F. Wirth acquired 878 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was purchased 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 worth $2,077,824 in the last 90 days. 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.