StockNews.com Initiates Coverage on InnSuites Hospitality Trust (NYSE:IHT)

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

InnSuites Hospitality Trust Stock Up 12.8 %

Shares of NYSE IHT opened at $1.58 on Friday. The stock has a market cap of $14.23 million, a PE ratio of 52.65 and a beta of 0.15. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.40. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $3.82. The business has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.37.

Insider Activity

In other news, CEO James F. Wirth acquired 878 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $1,231.64 per share, with a total value of $1,081,379.92. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other InnSuites Hospitality Trust news, insider Chase, Jr. acquired 500 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were acquired at an average price of $630.00 per share, for a total transaction of $315,000.00. Following the completion of the acquisition, the insider now directly owns 73,459 shares of the company’s stock, valued at $46,279,170. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James F. Wirth bought 878 shares of InnSuites Hospitality Trust stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average price of $1,231.64 per share, for a total transaction of $1,081,379.92. Following 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 disclosure for this purchase can be found here. Insiders acquired 2,316 shares of company stock valued at $2,105,362 in the last three months. 2.03% of the stock is currently 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.