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

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Up 0.7 %

Shares of IHT stock opened at $1.58 on Monday. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.50. InnSuites Hospitality Trust has a twelve month low of $0.95 and a twelve month high of $2.33.

Insider Buying and Selling at InnSuites Hospitality Trust

In related news, CEO James F. Wirth acquired 300 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $388.50 per share, for a total transaction of $116,550.00. Following the acquisition, the chief executive officer now directly owns 6,252,496 shares in the company, valued at approximately $2,429,094,696. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO James F. Wirth acquired 300 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of $388.50 per share, for a total transaction of $116,550.00. Following the acquisition, the chief executive officer now directly owns 6,252,496 shares in the company, valued at approximately $2,429,094,696. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James F. Wirth bought 200 shares of InnSuites Hospitality Trust stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of $264.04 per share, for a total transaction of $52,808.00. Following the acquisition, the chief executive officer now directly owns 6,252,196 shares of the company’s stock, valued at approximately $1,650,829,831.84. The disclosure for this purchase can be found here. 73.93% of the stock is owned by company 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.