InnSuites Hospitality Trust (NYSE:IHT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note published on Friday morning. The firm issued a hold rating on the stock.

InnSuites Hospitality Trust Trading Up 2.3 %

Shares of InnSuites Hospitality Trust stock opened at $1.31 on Friday. InnSuites Hospitality Trust has a 12-month low of $0.95 and a 12-month high of $3.82. The company has a 50-day simple moving average of $1.38 and a 200 day simple moving average of $1.39. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.40. The stock has a market capitalization of $11.82 million, a P/E ratio of 43.67 and a beta of 0.15.

Insider Activity

In other InnSuites Hospitality Trust news, CEO James F. Wirth bought 400 shares of InnSuites Hospitality Trust stock in a transaction dated Monday, April 22nd. The stock was bought at an average price of $583.45 per share, with a total value of $233,380.00. Following the completion of the transaction, the chief executive officer now owns 6,251,096 shares in the company, valued at approximately $3,647,201,961.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James F. Wirth bought 200 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired 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 owns 6,250,696 shares of the company’s stock, valued at approximately $1,931,402,557.04. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James F. Wirth acquired 400 shares of InnSuites Hospitality Trust stock in a transaction dated Monday, April 22nd. The shares were bought at an average cost of $583.45 per share, with a total value of $233,380.00. Following the transaction, the chief executive officer now owns 6,251,096 shares in the company, valued at $3,647,201,961.20. The disclosure for this purchase can be found here. Insiders have acquired 1,900 shares of company stock worth $797,791 over the last ninety days. Insiders own 2.03% of the company’s stock.

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.