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

Investment analysts at StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Performance

IHT opened at $1.31 on Friday. The company has a market cap of $11.82 million, a PE ratio of 43.68 and a beta of 0.15. The stock has a 50-day moving average of $1.38 and a 200-day moving average of $1.39. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $3.82. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.70 and a current ratio of 1.70.

Insider Activity at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth bought 660 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $971.16 per share, for a total transaction of $640,965.60. Following the purchase, the chief executive officer now directly owns 5,949,322 shares in the company, valued at $5,777,743,553.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other InnSuites Hospitality Trust news, CEO James F. Wirth bought 660 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $971.16 per share, for a total transaction of $640,965.60. Following the purchase, the chief executive officer now directly owns 5,949,322 shares in the company, valued at $5,777,743,553.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James F. Wirth acquired 200 shares of InnSuites Hospitality Trust stock in a transaction on Tuesday, April 16th. The stock was purchased at an average price of $308.99 per share, with a total value of $61,798.00. Following the transaction, the chief executive officer now directly owns 6,250,696 shares in the company, valued at approximately $1,931,402,557.04. The disclosure for this purchase can be found here. Insiders acquired a total of 2,560 shares of company stock worth $1,438,757 in the last 90 days. 2.03% of the stock is owned by company 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.