InnSuites Hospitality Trust (NYSE:IHT) Now Covered by Analysts at StockNews.com

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

InnSuites Hospitality Trust Price Performance

InnSuites Hospitality Trust stock opened at $1.37 on Monday. The firm has a market capitalization of $12.37 million, a P/E ratio of 45.72 and a beta of 0.14. InnSuites Hospitality Trust has a 1 year low of $0.95 and a 1 year high of $3.82. The business has a 50-day moving average of $1.44 and a 200-day moving average of $1.37. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.40.

Insider Buying and Selling at InnSuites Hospitality Trust

In other news, CEO James F. Wirth bought 200 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $308.99 per share, for a total transaction of $61,798.00. Following the purchase, the chief executive officer now owns 6,250,696 shares of the company’s stock, valued at approximately $1,931,402,557.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO James F. Wirth bought 660 shares of InnSuites Hospitality Trust stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $971.16 per share, with a total value of $640,965.60. Following the acquisition, the chief executive officer now owns 5,949,322 shares in the company, valued at approximately $5,777,743,553.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James F. Wirth acquired 200 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $308.99 per share, with a total value of $61,798.00. Following the completion of the transaction, 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. In the last quarter, insiders have bought 1,938 shares of company stock worth $1,844,444. Corporate 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.