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

StockNews.com started coverage on shares of InnSuites Hospitality Trust (NYSE:IHT) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

InnSuites Hospitality Trust Stock Down 4.8 %

IHT opened at $1.65 on Thursday. The company has a fifty day moving average price of $1.56 and a 200-day moving average price of $1.48. The firm has a market capitalization of $14.90 million, a P/E ratio of -82.55 and a beta of 0.11. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.67 and a quick ratio of 1.67. InnSuites Hospitality Trust has a one year low of $0.95 and a one year high of $2.33.

Insider Activity

In other news, CEO James F. Wirth purchased 300 shares of InnSuites Hospitality Trust stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average cost of $388.50 per share, for a total transaction of $116,550.00. Following the transaction, the chief executive officer now directly owns 6,252,496 shares of the company’s stock, valued at $2,429,094,696. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO James F. Wirth acquired 300 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average cost of $388.50 per share, with a total value of $116,550.00. Following the acquisition, the chief executive officer now owns 6,252,496 shares of the company’s stock, valued at approximately $2,429,094,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James F. Wirth acquired 200 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average cost of $264.04 per share, with a total value of $52,808.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,252,196 shares in the company, valued at approximately $1,650,829,831.84. The disclosure for this purchase can be found here. Insiders bought 2,000 shares of company stock worth $854,041 in the last three months. Corporate 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.