StockNews.com Begins Coverage on InnSuites Hospitality Trust (NYSE:IHT)

Equities researchers at StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Down 0.9 %

Shares of NYSE IHT opened at $1.76 on Wednesday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.67. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $2.59. The company’s 50 day moving average price is $1.51 and its 200-day moving average price is $1.46. The company has a market capitalization of $15.88 million, a P/E ratio of -88.00 and a beta of 0.11.

Insider Activity

In related news, CEO James F. Wirth acquired 200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average price of $301.50 per share, for a total transaction of $60,300.00. Following the completion of the acquisition, the chief executive officer now owns 6,250,496 shares of the company’s stock, valued at approximately $1,884,524,544. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO James F. Wirth bought 200 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was acquired at an average cost of $301.50 per share, for a total transaction of $60,300.00. Following the completion of the transaction, the chief executive officer now directly owns 6,250,496 shares in the company, valued at approximately $1,884,524,544. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James F. Wirth bought 400 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were bought at an average price of $583.45 per share, with a total value of $233,380.00. Following the completion of the transaction, the chief executive officer now owns 6,251,096 shares of the company’s stock, valued at $3,647,201,961.20. The disclosure for this purchase can be found here. Insiders bought a total of 2,200 shares of company stock worth $914,341 over the last quarter. Insiders own 2.03% of the company’s stock.

InnSuites Hospitality Trust Company Profile

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.