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

StockNews.com initiated 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

Shares of NYSE:IHT opened at $1.45 on Monday. The firm’s 50 day moving average price is $1.44 and its 200-day moving average price is $1.37. InnSuites Hospitality Trust has a twelve month low of $0.95 and a twelve month high of $3.82. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.40. The stock has a market capitalization of $13.06 million, a PE ratio of 48.33 and a beta of 0.14.

Insider Transactions at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 878 shares of the stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the purchase, the chief executive officer now directly owns 5,948,662 shares of the company’s stock, valued at $7,326,610,065.68. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, CEO James F. Wirth bought 878 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were bought at an average price of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the purchase, the chief executive officer now owns 5,948,662 shares in the company, valued at $7,326,610,065.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James F. Wirth bought 200 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were purchased at an average price of $301.50 per share, for a total transaction of $60,300.00. Following the purchase, the chief executive officer now owns 6,250,496 shares in the company, valued at approximately $1,884,524,544. The disclosure for this purchase can be found here. Insiders have acquired 2,438 shares of company stock worth $2,159,444 in the last quarter. 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.