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

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock.

InnSuites Hospitality Trust Price Performance

IHT stock traded down $0.03 during trading on Tuesday, hitting $1.30. 6,894 shares of the stock traded hands, compared to its average volume of 5,871. The stock has a market cap of $11.73 million, a price-to-earnings ratio of 43.35 and a beta of 0.15. InnSuites Hospitality Trust has a one year low of $0.95 and a one year 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. The company has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $1.38.

Insider Transactions at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth bought 200 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $288.39 per share, for a total transaction of $57,678.00. Following the completion of the acquisition, the chief executive officer now owns 6,251,296 shares of the company’s stock, valued at $1,802,811,253.44. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO James F. Wirth purchased 200 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of $288.39 per share, with a total value of $57,678.00. Following the completion of the purchase, the chief executive officer now directly owns 6,251,296 shares of the company’s stock, valued at approximately $1,802,811,253.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James F. Wirth acquired 878 shares of InnSuites Hospitality Trust stock in a transaction on Friday, February 16th. The stock was acquired at an average cost of $1,231.64 per share, for a total transaction of $1,081,379.92. Following the completion of the purchase, the chief executive officer now owns 5,948,662 shares of the company’s stock, valued at approximately $7,326,610,065.68. The disclosure for this purchase can be found here. Insiders have acquired 2,538 shares of company stock valued at $2,135,502 in the last three months. 2.03% of the stock is owned by corporate insiders.

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.