Research analysts at StockNews.com assumed coverage on shares of InnSuites Hospitality Trust (NYSE:IHT – Get Rating) in a report released on Friday. The brokerage set a “hold” rating on the stock.
InnSuites Hospitality Trust Trading Down 1.9 %
Shares of IHT stock opened at $2.64 on Friday. The business’s 50 day moving average is $1.90 and its two-hundred day moving average is $1.70. InnSuites Hospitality Trust has a twelve month low of $1.14 and a twelve month high of $3.82. The company has a market capitalization of $24.07 million, a P/E ratio of 37.71 and a beta of 0.08. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 2.29.
Insider Activity at InnSuites Hospitality Trust
In related news, CEO James F. Wirth bought 2,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was bought at an average price of $3,660.00 per share, with a total value of $7,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,933,161 shares of the company’s stock, valued at $21,715,369,260. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO James F. Wirth purchased 500 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average cost of $935.00 per share, with a total value of $467,500.00. Following the purchase, the chief executive officer now owns 5,933,661 shares in the company, valued at approximately $5,547,973,035. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James F. Wirth acquired 2,000 shares of InnSuites Hospitality Trust stock in a transaction dated Friday, May 26th. The shares were bought at an average cost of $3,660.00 per share, with a total value of $7,320,000.00. Following the completion of the purchase, the chief executive officer now owns 5,933,161 shares in the company, valued at $21,715,369,260. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,634 shares of company stock worth $9,744,945. 68.34% of the stock is currently owned by 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.
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