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 note published on Friday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

InnSuites Hospitality Trust stock traded up $0.03 during mid-day trading on Friday, reaching $1.31. The company had a trading volume of 386 shares, compared to its average volume of 4,564. InnSuites Hospitality Trust has a fifty-two week low of $0.95 and a fifty-two week high of $3.82. The business has a fifty day simple moving average of $1.38 and a 200 day simple moving average of $1.39. The company has a market cap of $11.82 million, a P/E ratio of 42.67 and a beta of 0.15. 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 Buying and Selling

In other news, CEO James F. Wirth acquired 660 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $971.16 per share, for a total transaction of $640,965.60. Following the completion of the acquisition, the chief executive officer now directly owns 5,949,322 shares of the company’s stock, valued at approximately $5,777,743,553.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James F. Wirth bought 200 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was purchased at an average cost of $308.99 per share, for a total transaction of $61,798.00. Following the completion of the transaction, the chief executive officer now directly owns 6,250,696 shares of the company’s stock, valued at approximately $1,931,402,557.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James F. Wirth purchased 660 shares of the business’s stock in a transaction on Monday, February 26th. The shares were acquired 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 disclosure for this purchase can be found here. Insiders acquired a total of 2,560 shares of company stock worth $1,438,757 in the last three months. 2.03% of the stock is owned by corporate insiders.

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.