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

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

InnSuites Hospitality Trust Price Performance

NYSE IHT opened at $1.58 on Friday. InnSuites Hospitality Trust has a 12 month low of $0.95 and a 12 month high of $3.82. The stock has a market cap of $14.23 million, a price-to-earnings ratio of 52.65 and a beta of 0.15. The company’s 50 day moving average is $1.43 and its two-hundred day moving average 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.

Insiders Place Their Bets

In other news, CEO James F. Wirth bought 200 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were bought 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 $1,884,524,544. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO James F. Wirth acquired 878 shares of InnSuites Hospitality Trust 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 completion of the transaction, the chief executive officer now directly owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James F. Wirth acquired 200 shares of InnSuites Hospitality Trust stock in a transaction dated Wednesday, April 10th. The shares were bought at an average price of $301.50 per share, for a total transaction of $60,300.00. Following the transaction, the chief executive officer now owns 6,250,496 shares of the company’s stock, valued at $1,884,524,544. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,316 shares of company stock worth $2,105,362. 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.