InnSuites Hospitality Trust (NYSE:IHT) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report released on Wednesday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Up 2.3 %

Shares of IHT stock opened at $1.34 on Wednesday. InnSuites Hospitality Trust has a 1-year low of $0.95 and a 1-year high of $3.82. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.70 and a quick ratio of 1.70. The company has a 50-day moving average of $1.44 and a two-hundred day moving average of $1.38. The firm has a market cap of $12.09 million, a PE ratio of 44.68 and a beta of 0.15.

Insiders Place Their Bets

In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 660 shares of the company’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $971.16 per share, for a total transaction of $640,965.60. Following the completion of the purchase, the chief executive officer now directly owns 5,949,322 shares in the company, valued at approximately $5,777,743,553.52. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CEO James F. Wirth acquired 660 shares of InnSuites Hospitality Trust stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $971.16 per share, for a total transaction of $640,965.60. Following the acquisition, the chief executive officer now owns 5,949,322 shares of the company’s stock, valued at $5,777,743,553.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James F. Wirth acquired 200 shares of the stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $288.39 per share, with a total value of $57,678.00. Following the completion of the transaction, the chief executive officer now owns 6,251,296 shares in the company, valued at approximately $1,802,811,253.44. The disclosure for this purchase can be found here. Insiders have acquired 2,538 shares of company stock worth $2,135,502 over the last three months. Company insiders own 2.03% of the company’s stock.

About InnSuites Hospitality Trust

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.