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

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report published on Monday. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Up 3.2 %

Shares of IHT opened at $1.42 on Monday. InnSuites Hospitality Trust has a 52 week low of $0.95 and a 52 week high of $3.82. The stock has a market capitalization of $12.76 million, a price-to-earnings ratio of 47.18 and a beta of 0.14. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a fifty day moving average of $1.44 and a 200-day moving average of $1.37.

Insider Activity at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 878 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 878 shares of the company’s stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of $1,231.64 per share, with a total value of $1,081,379.92. Following the completion of the purchase, the chief executive officer now owns 5,948,662 shares in the company, valued at $7,326,610,065.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James F. Wirth purchased 200 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was acquired at an average cost of $301.50 per share, for a total transaction of $60,300.00. Following the completion of the purchase, the chief executive officer now owns 6,250,496 shares of the company’s stock, valued at approximately $1,884,524,544. The disclosure for this purchase can be found here. Insiders purchased 2,338 shares of company stock worth $2,077,824 over the last three months. Company insiders own 2.03% of the company’s stock.

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.