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

Stock analysts at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Up 4.5 %

NYSE IHT opened at $1.84 on Wednesday. InnSuites Hospitality Trust has a one year low of $0.95 and a one year high of $2.49. 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 company has a market capitalization of $16.60 million, a price-to-earnings ratio of -92.00 and a beta of 0.11. The company’s 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.46.

Insider Activity at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 200 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average cost of $308.99 per share, with a total value of $61,798.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,250,696 shares in the company, valued at approximately $1,931,402,557.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 400 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly owns 6,251,096 shares in the company, valued at approximately $3,647,201,961.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James F. Wirth bought 200 shares of InnSuites Hospitality Trust stock in a transaction on Tuesday, April 16th. The stock was purchased at an average price of $308.99 per share, with a total value of $61,798.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders have acquired a total of 2,200 shares of company stock valued at $914,341 over the last ninety days. 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.