InnSuites Hospitality Trust (NYSE:IHT) CEO James F. Wirth Purchases 200 Shares

InnSuites Hospitality Trust (NYSE:IHT) CEO James F. Wirth acquired 200 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $288.39 per share, for a total transaction of $57,678.00. Following the transaction, the chief executive officer now directly owns 6,251,296 shares of the company’s stock, valued at approximately $1,802,811,253.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

InnSuites Hospitality Trust Price Performance

Shares of InnSuites Hospitality Trust stock opened at $1.30 on Friday. The business has a 50 day moving average of $1.44 and a 200 day moving average of $1.38. InnSuites Hospitality Trust has a 52 week low of $0.95 and a 52 week high of $3.82. The company has a market cap of $11.73 million, a PE ratio of 44.33 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.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on InnSuites Hospitality Trust in a research note on Tuesday. They set a “hold” rating on the 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.