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

StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of IHT opened at $1.78 on Tuesday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a 50-day moving average of $1.49 and a two-hundred day moving average of $1.45. The stock has a market cap of $16.06 million, a P/E ratio of -89.00 and a beta of 0.06. InnSuites Hospitality Trust has a one year low of $0.95 and a one year high of $2.67.

Insider Activity

In related news, CEO James F. Wirth purchased 400 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were bought at an average cost of $583.45 per share, with a total value of $233,380.00. Following the transaction, the chief executive officer now owns 6,251,096 shares of the company’s stock, valued at $3,647,201,961.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO James F. Wirth acquired 400 shares of the stock in a transaction on Monday, April 22nd. The shares were acquired at an average price of $583.45 per share, for a total transaction of $233,380.00. Following the transaction, the chief executive officer now owns 6,251,096 shares in the company, valued at approximately $3,647,201,961.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO James F. Wirth acquired 200 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average cost of $301.50 per share, for a total transaction of $60,300.00. Following the purchase, the chief executive officer now directly owns 6,250,496 shares in the company, valued at $1,884,524,544. The disclosure for this purchase can be found here. Insiders have acquired 2,200 shares of company stock valued at $914,341 in the last ninety days. 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.