InnSuites Hospitality Trust (NYSE:IHT - Get Free Report) CEO James F. Wirth acquired 200 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $308.99 per share, with a total value of $61,798.00. Following the transaction, the chief executive officer now owns 6,250,696 shares in the company, valued at $1,931,402,557.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
InnSuites Hospitality Trust Price Performance
Shares of NYSE IHT opened at $1.54 on Friday. The firm has a market cap of $13.87 million, a PE ratio of 48.00 and a beta of 0.14. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 3.40. InnSuites Hospitality Trust has a 1-year low of $0.95 and a 1-year high of $3.82. The company has a fifty day moving average price of $1.44 and a 200 day moving average price of $1.37.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of InnSuites Hospitality Trust in a research note on Sunday, April 14th. They issued a "hold" rating for the company.
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About InnSuites Hospitality Trust
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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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