InnSuites Hospitality Trust (NYSE:IHT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHTFree Report) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

NYSE IHT opened at $1.31 on Thursday. The firm’s 50 day simple moving average is $1.39 and its 200 day simple moving average is $1.38. The firm has a market capitalization of $11.82 million, a price-to-earnings ratio of 43.68 and a beta of 0.15. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.40. InnSuites Hospitality Trust has a 1 year low of $0.95 and a 1 year high of $3.82.

Insider Activity

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 660 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $971.16 per share, for a total transaction of $640,965.60. Following the transaction, the chief executive officer now directly owns 5,949,322 shares in the company, valued at $5,777,743,553.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO James F. Wirth purchased 660 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $971.16 per share, with a total value of $640,965.60. Following the acquisition, the chief executive officer now owns 5,949,322 shares of the company’s stock, valued at approximately $5,777,743,553.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James F. Wirth acquired 200 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought 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 owns 6,250,696 shares in the company, valued at $1,931,402,557.04. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 2,360 shares of company stock worth $1,385,949. Insiders own 2.03% of the company’s stock.

About InnSuites Hospitality Trust

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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.

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