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

Analysts at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Performance

NYSE IHT opened at $1.84 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.70 and a debt-to-equity ratio of 3.49. The business’s 50 day moving average is $1.47 and its two-hundred day moving average is $1.44. InnSuites Hospitality Trust has a 12-month low of $0.95 and a 12-month high of $2.99. The stock has a market capitalization of $16.60 million, a price-to-earnings ratio of -92.00 and a beta of 0.06.

Insiders Place Their Bets

In other news, CEO James F. Wirth purchased 400 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average price of $583.45 per share, for a total transaction of $233,380.00. Following the acquisition, the chief executive officer now directly owns 6,251,096 shares in the company, valued at approximately $3,647,201,961.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO James F. Wirth purchased 400 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average price of $583.45 per share, for a total transaction of $233,380.00. Following the acquisition, the chief executive officer now directly owns 6,251,096 shares in the company, valued at approximately $3,647,201,961.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James F. Wirth purchased 200 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average price of $301.50 per share, for a total transaction of $60,300.00. Following the acquisition, the chief executive officer now owns 6,250,496 shares in the company, valued at $1,884,524,544. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,200 shares of company stock worth $914,341. 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.