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

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

InnSuites Hospitality Trust Price Performance

Shares of IHT opened at $1.40 on Tuesday. The company has a market cap of $12.63 million, a P/E ratio of 46.68 and a beta of 0.15. The stock has a fifty day moving average price of $1.45 and a 200 day moving average price of $1.38. 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 12 month low of $0.95 and a 12 month high of $3.82.

Insider Buying and Selling

In related news, CEO James F. Wirth acquired 660 shares of the 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 purchase, the chief executive officer now directly owns 5,949,322 shares in the company, valued at $5,777,743,553.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 878 shares of the firm’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 completion of the purchase, the chief executive officer now owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James F. Wirth purchased 660 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost 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 approximately $5,777,743,553.52. The disclosure for this purchase can be found here. Insiders purchased a total of 2,338 shares of company stock worth $2,077,824 in the last three months. 2.03% of the stock is owned by 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.