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

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

InnSuites Hospitality Trust Price Performance

Shares of IHT stock opened at $1.30 on Tuesday. The firm has a market cap of $11.73 million, a P/E ratio of 43.35 and a beta of 0.15. InnSuites Hospitality Trust has a 1-year low of $0.95 and a 1-year high of $3.82. The firm has a fifty day moving average of $1.44 and a two-hundred day moving average 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.

Insider Transactions at InnSuites Hospitality Trust

In other news, CEO James F. Wirth purchased 200 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 6,251,296 shares in the company, valued at approximately $1,802,811,253.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other InnSuites Hospitality Trust news, CEO James F. Wirth bought 878 shares of the business’s stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $1,231.64 per share, with a total value of $1,081,379.92. Following the completion of the acquisition, the chief executive officer now directly owns 5,948,662 shares of the company’s stock, valued at approximately $7,326,610,065.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James F. Wirth bought 200 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $288.39 per share, with a total value of $57,678.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,251,296 shares of the company’s stock, valued at approximately $1,802,811,253.44. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,538 shares of company stock worth $2,135,502. 2.03% of the stock is currently owned by corporate 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.