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 note issued to investors on Thursday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Performance

Shares of IHT opened at $1.74 on Thursday. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $2.33. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.49. The firm’s fifty day moving average is $1.56 and its two-hundred day moving average is $1.47.

Insider Transactions at InnSuites Hospitality Trust

In related news, CEO James F. Wirth purchased 300 shares of InnSuites Hospitality Trust stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average price 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 $2,429,094,696. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CEO James F. Wirth purchased 300 shares of InnSuites Hospitality Trust stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average price 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 $2,429,094,696. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO James F. Wirth purchased 200 shares of InnSuites Hospitality Trust stock in a transaction dated Tuesday, April 16th. The shares were bought at an average price 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 in the company, valued at $1,931,402,557.04. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,000 shares of company stock worth $854,041 in the last quarter. 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.