InnSuites Hospitality Trust (NYSE:IHT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Trading Down 0.8 %

InnSuites Hospitality Trust stock opened at $1.30 on Wednesday. The stock has a market cap of $11.73 million, a PE ratio of 43.35 and a beta of 0.15. The stock has a 50-day moving average price of $1.43 and a 200 day moving average price 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 current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.40.

Insider Buying and Selling

In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 878 shares of the stock in a transaction on Friday, February 16th. The stock was bought at an average price of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the acquisition, the chief executive officer now directly owns 5,948,662 shares of the company’s stock, valued at $7,326,610,065.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 660 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average price of $971.16 per share, for a total transaction of $640,965.60. Following the acquisition, the chief executive officer now directly owns 5,949,322 shares of the company’s stock, valued at $5,777,743,553.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James F. Wirth purchased 878 shares of the stock in a transaction on Friday, February 16th. The stock was acquired at an average price of $1,231.64 per share, with a total value of $1,081,379.92. Following the acquisition, the chief executive officer now directly owns 5,948,662 shares in the company, valued at $7,326,610,065.68. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,838 shares of company stock worth $2,255,745. 2.03% of the stock is owned by corporate 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.