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Research analysts at StockNews.com initiated coverage InnSuites Hospitality Trust (NYSE:IHT – Get Free Report) in a research note released to investors Thursday. The company set a “hold” rating on the stock.
InnSuites Hotel Trust Price Performance
InnSuites Hospitality Trust shares opened Thursday at $1.42. The company’s 50-day moving average price is $1.42 and its 200-day moving average price is $1.36. The company has a current ratio of 2.35, a quick ratio of 2.35, and a debt-to-equity ratio of 2.78. InnSuites Hospitality Trust has a 12-month low of $0.95 and a 12-month high of $3.82. The stock has a market capitalization of $12.79 million, a P/E ratio of 23.67, and a beta of 0.16.
Insiders place bets
In related news, CEO James F. Wirth purchased 1,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were purchased at an average price of $2,254.45 per share, for a total transaction value of $3,381,675.00. Following the completion of the acquisition, the CEO now owns 5,947,784 shares of the company’s stock, valued at approximately $13,408,981,638.80. The transaction was disclosed in a document filed with the U.S. Securities and Exchange Commission, which can be accessed at this link . In related news, CEO James F. Wirth purchased 1,500 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were purchased at an average price of $2,254.45 per share, for a total transaction value of $3,381,675.00. Following the completion of the acquisition, the CEO now owns 5,947,784 shares of the company’s stock, valued at approximately $13,408,981,638.80. The transaction was disclosed in a document filed with the U.S. Securities and Exchange Commission, which can be accessed at this link . Additionally, CEO James F. Wirth purchased 878 shares of the company’s stock in a transaction on Friday, February 16th. The stock was 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 owns 5,948,662 shares of the company’s stock, valued at approximately $7,326,610,065.68. The reveal for this purchase can be found here . In the last quarter, insiders purchased 3,616 shares of the company’s stock worth $5,426,737. 2.03% of the shares are owned by company insiders.
About Inn Suites Hotel Trust
(Get your free report)
InnSuites Hospitality Trust (NYSE: IHT) first listed on the New York Stock Exchange in 1971 and 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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