InnSuites Hospitality Trust (NYSE:IHT) CEO James F. Wirth Purchases 200 Shares

InnSuites Hospitality Trust (NYSE:IHT - Get Free Report) CEO James F. Wirth acquired 200 shares of the firm's stock in a transaction that occurred on Wednesday, April 10th. The shares were bought at an average cost of $301.50 per share, for a total transaction of $60,300.00. Following the acquisition, the chief executive officer now owns 6,250,496 shares of the company's stock, valued at approximately $1,884,524,544. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

InnSuites Hospitality Trust Stock Up 0.7 %

IHT opened at $1.40 on Friday. The company has a debt-to-equity ratio of 3.40, a quick ratio of 2.35 and a current ratio of 1.70. The company has a market cap of $12.61 million, a price-to-earnings ratio of 46.67 and a beta of 0.14. InnSuites Hospitality Trust has a one year low of $0.95 and a one year high of $3.82. The business's fifty day moving average is $1.43 and its two-hundred day moving average is $1.36.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on InnSuites Hospitality Trust in a research note on Saturday, April 6th. They set a "hold" rating on the stock.

Read Our Latest Stock Report on InnSuites Hospitality Trust

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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