InnSuites Hospitality Trust (NYSE:IHT) Research Coverage Started at StockNews.com

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

InnSuites Hospitality Trust Price Performance

IHT traded down $0.03 during trading on Tuesday, reaching $1.30. The company’s stock had a trading volume of 6,894 shares, compared to its average volume of 5,871. The company has a market cap of $11.73 million, a price-to-earnings ratio of 43.35 and a beta of 0.15. The firm has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.38. InnSuites Hospitality Trust has a 1 year low of $0.95 and a 1 year high of $3.82. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 3.40.

Insider Activity at InnSuites Hospitality Trust

In other InnSuites Hospitality Trust news, CEO James F. Wirth purchased 660 shares of the 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 acquisition, the chief executive officer now owns 5,949,322 shares in the company, valued at approximately $5,777,743,553.52. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO James F. Wirth acquired 660 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of $971.16 per share, for a total transaction of $640,965.60. Following the acquisition, the chief executive officer now owns 5,949,322 shares in the company, valued at approximately $5,777,743,553.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James F. Wirth bought 878 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of $1,231.64 per share, with a total value of $1,081,379.92. Following the acquisition, the chief executive officer now directly owns 5,948,662 shares in the company, valued at approximately $7,326,610,065.68. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,538 shares of company stock worth $2,135,502. 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.