InnSuites Hospitality Trust (NYSE:IHT - Get Free Report) CEO James F. Wirth purchased 400 shares of the stock in a transaction dated Monday, April 22nd. The shares were bought at an average price of $583.45 per share, with a total value of $233,380.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,251,096 shares of the company's stock, valued at approximately $3,647,201,961.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
InnSuites Hospitality Trust Stock Up 3.2 %
Shares of NYSE:IHT opened at $1.42 on Friday. The company has a fifty day moving average of $1.44 and a 200-day moving average of $1.37. The company has a market capitalization of $12.76 million, a PE ratio of 45.71 and a beta of 0.14. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.70 and a current ratio of 1.70. InnSuites Hospitality Trust has a 52-week low of $0.95 and a 52-week high of $3.82.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of InnSuites Hospitality Trust in a report on Monday. They set 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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