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 issued on Thursday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of NYSE IHT opened at $1.65 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. InnSuites Hospitality Trust has a 12 month low of $0.95 and a 12 month high of $2.33. The company has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.48. The stock has a market cap of $14.90 million, a price-to-earnings ratio of -82.55 and a beta of 0.11.

Insider Buying and Selling at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 200 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $308.99 per share, for a total transaction of $61,798.00. Following the purchase, the chief executive officer now owns 6,250,696 shares in the company, valued at approximately $1,931,402,557.04. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO James F. Wirth bought 300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $388.50 per share, for a total transaction of $116,550.00. Following the purchase, the chief executive officer now directly owns 6,252,496 shares in the company, valued at approximately $2,429,094,696. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James F. Wirth bought 200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $308.99 per share, with a total value of $61,798.00. Following the completion of 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 ninety days, insiders acquired 2,000 shares of company stock worth $854,041. 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.