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

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

InnSuites Hospitality Trust Stock Up 4.5 %

NYSE:IHT opened at $1.84 on Wednesday. InnSuites Hospitality Trust has a fifty-two week low of $0.95 and a fifty-two week high of $2.49. The stock has a market capitalization of $16.60 million, a P/E ratio of -92.00 and a beta of 0.11. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.67. The company’s 50-day simple moving average is $1.52 and its 200-day simple moving average is $1.46.

Insider Activity

In other news, CEO James F. Wirth purchased 200 shares of the stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average cost of $308.99 per share, for a total transaction of $61,798.00. Following the acquisition, the chief executive officer now owns 6,250,696 shares of the company’s stock, valued at $1,931,402,557.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO James F. Wirth bought 400 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average cost of $583.45 per share, for a total transaction of $233,380.00. Following the purchase, the chief executive officer now directly owns 6,251,096 shares of the company’s stock, valued at $3,647,201,961.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James F. Wirth bought 200 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was bought 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 directly 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 have bought 2,200 shares of company stock worth $914,341. Corporate 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.