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

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

InnSuites Hospitality Trust Stock Performance

IHT stock opened at $1.40 on Friday. The company has a 50 day moving average price of $1.43 and a 200 day moving average price of $1.36. InnSuites Hospitality Trust has a fifty-two week low of $0.95 and a fifty-two week 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 2.35. The stock has a market capitalization of $12.61 million, a PE ratio of 46.67 and a beta of 0.14.

Insider Transactions at InnSuites Hospitality Trust

In other news, CEO James F. Wirth acquired 200 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was purchased at an average cost of $301.50 per share, with a total value of $60,300.00. Following the acquisition, the chief executive officer now owns 6,250,496 shares of the company’s stock, valued at approximately $1,884,524,544. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 200 shares of InnSuites Hospitality Trust stock in a transaction on Wednesday, April 10th. The shares were purchased at an average cost of $301.50 per share, with a total value of $60,300.00. Following the completion of the purchase, the chief executive officer now owns 6,250,496 shares in the company, valued at $1,884,524,544. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James F. Wirth bought 878 shares of the stock in a transaction on Friday, February 16th. The shares were acquired at an average cost of $1,231.64 per share, with a total value of $1,081,379.92. Following the acquisition, the chief executive officer now directly owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The disclosure for this purchase can be found here. Insiders bought a total of 2,316 shares of company stock worth $2,105,362 over the last 90 days. 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.