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

Research analysts at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Up 2.5 %

NYSE:IHT opened at $1.62 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 company’s 50-day moving average is $1.68 and its two-hundred day moving average is $1.51. InnSuites Hospitality Trust has a 12-month low of $0.95 and a 12-month high of $2.33.

Insider Transactions at InnSuites Hospitality Trust

In related news, CEO James F. Wirth acquired 300 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $388.50 per share, for a total transaction of $116,550.00. Following the acquisition, the chief executive officer now directly owns 6,252,496 shares in the company, valued at approximately $2,429,094,696. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 73.93% 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.