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

StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Stock Down 3.1 %

Shares of IHT opened at $1.53 on Friday. The company has a market capitalization of $13.79 million, a PE ratio of 51.02 and a beta of 0.15. InnSuites Hospitality Trust has a 12 month low of $0.95 and a 12 month high of $3.82. The stock’s 50-day moving average price is $1.44 and its two-hundred day moving average price is $1.37. 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 Activity

In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 878 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $1,231.64 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other InnSuites Hospitality Trust news, CEO James F. Wirth acquired 878 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $1,231.64 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James F. Wirth acquired 660 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $971.16 per share, for a total transaction of $640,965.60. Following the completion of the purchase, the chief executive officer now directly owns 5,949,322 shares in the company, valued at $5,777,743,553.52. The disclosure for this purchase can be found here. Insiders have acquired 2,316 shares of company stock valued at $2,105,362 in the last ninety 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.