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 released on Tuesday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Trading Down 0.7 %

Shares of NYSE:IHT opened at $1.83 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.49. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $2.99. The stock has a market cap of $16.48 million, a price-to-earnings ratio of -91.34 and a beta of 0.06. The business has a 50-day moving average price of $1.47 and a 200-day moving average price of $1.44.

Insiders Place Their Bets

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 300 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $388.50 per share, with a total value of $116,550.00. Following the acquisition, the chief executive officer now directly owns 6,252,496 shares of the company’s stock, valued at $2,429,094,696. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO James F. Wirth bought 200 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $264.04 per share, with a total value of $52,808.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,252,196 shares in the company, valued at $1,650,829,831.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James F. Wirth purchased 300 shares of InnSuites Hospitality Trust stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average price of $388.50 per share, with a total value of $116,550.00. Following the completion of the transaction, the chief executive officer now owns 6,252,496 shares of the company’s stock, valued at approximately $2,429,094,696. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,200 shares of company stock valued at $914,341. 2.03% of the stock is owned by insiders.

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.