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

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report published on Monday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

IHT stock opened at $1.45 on Monday. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.70 and a quick ratio of 1.70. InnSuites Hospitality Trust has a one year low of $0.95 and a one year high of $3.82. The stock has a market cap of $13.06 million, a PE ratio of 48.33 and a beta of 0.14. The firm has a 50 day simple moving average of $1.44 and a two-hundred day simple moving average of $1.37.

Insiders Place Their Bets

In related news, CEO James F. Wirth purchased 200 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $308.99 per share, with a total value of $61,798.00. Following the purchase, the chief executive officer now directly owns 6,250,696 shares in the company, valued at $1,931,402,557.04. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 bought at an average price of $1,231.64 per share, with a total value of $1,081,379.92. Following the purchase, the chief executive officer now owns 5,948,662 shares of the company’s stock, valued at $7,326,610,065.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James F. Wirth acquired 200 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $308.99 per share, with a total value of $61,798.00. Following the purchase, the chief executive officer now directly owns 6,250,696 shares in the company, valued at approximately $1,931,402,557.04. The disclosure for this purchase can be found here. Insiders purchased a total of 2,438 shares of company stock valued at $2,159,444 in the last quarter. Corporate 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.