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StockNews.com’s equity researchers have initiated coverage on the following stocks InnSuites Hospitality Trust (NYSE:IHT – Get Free Report) in a note to investors on Monday. The company set a “hold” rating on the stock.
InnSuites Hotel Trust shares rise 5.1%
IHT stock opened Monday at $1.45. The business has a 50-day moving average of $1.41 and a 200-day moving average of $1.38. InnSuites Hospitality Trust has a fifty-two week low of $0.95 and a fifty-two week high of $3.82. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.35, and a quick ratio of 2.35. The stock has a market capitalization of $13.06 million, a P/E ratio of 24.17, and a beta of 0.16.
Insiders place bets
In related news, insider Chase, Jr. purchased 500 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were purchased at an average price of $630.00 per share, for a total transaction value of $315,000.00. Following the completion of the acquisition, the insider now owns 73,459 shares in the company, valued at $46,279,170. The transaction was disclosed in a document filed with the SEC, which can be viewed at this link. In other InnSuites Hospitality Trust news, insider Chase, Jr. bought 500 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were purchased at an average price of $630.00 per share, for a total transaction value of $315,000.00. Following the completion of the acquisition, the insider now directly owns 73,459 shares in the company, valued at $46,279,170. The acquisition was disclosed in a legal filing with the U.S. Securities and Exchange Commission, which is available at this link . Additionally, CEO James F. Wirth purchased 878 shares of the company’s stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $1,231.64 per share, for a total transaction price of $1,081,379.92. Following the completion of the acquisition, the CEO now directly owns 5,948,662 shares of the company’s stock, valued at $7,326,610,065.68. The reveal for this purchase can be found here . In the last three months, insiders purchased 4,956 shares of the company’s stock worth $4,788,571. Company insiders currently own 2.03% of the shares.
Introduction to InnSuites Hotel Trust Company
(Get your free report)
InnSuites Hospitality Trust (NYSE: IHT), first listed on the New York Stock Exchange in 1971, is headquartered in Phoenix, Arizona and is an Ohio unincorporated corporation. A trust company that owns and manages hotels under the name InnSuites Hotels. IHT qualifies as a real estate investment trust (REIT) and is currently taxed by the IRS as a corporation.
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