Key Points
- CEO James Wirth sold 10,000 shares on Nov. 5 at an average price of $1.51 each, totaling $15,100, according to an SEC filing.
- After the sale he still owns 6,104,296 shares (approximately $9.22 million), representing only a 0.16% reduction in his stake.
- InnSuites is a very small, leveraged REIT with a market cap of $13.01 million, a negative P/E of -14.80, a debt-to-equity ratio of 5.82, and a 52-week range of $1.37–$4.24.
InnSuites Hospitality Trust (NYSE:IHT - Get Free Report) CEO James Wirth sold 10,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $1.51, for a total value of $15,100.00. Following the completion of the sale, the chief executive officer owned 6,104,296 shares in the company, valued at approximately $9,217,486.96. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
InnSuites Hospitality Trust Price Performance
Shares of IHT opened at $1.48 on Friday. The firm has a market capitalization of $13.01 million, a price-to-earnings ratio of -14.80 and a beta of 0.06. The firm's fifty day simple moving average is $1.74 and its 200-day simple moving average is $2.06. InnSuites Hospitality Trust has a twelve month low of $1.37 and a twelve month high of $4.24. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 5.82.
InnSuites Hospitality Trust Company Profile
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Get Free Report)
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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