The price of Summit Hotel Properties Inc (NYSE:INN) shares last traded on Wall Street rose 6.05% to $5.26.
INN stock price is now 20.22% away from the 50-day moving average and -10.16% away from the 200-day moving average. The market capitalization of the company currently stands at $674.10M.
With the price target maintained at $5, BofA Securities recently Upgraded its rating from Underperform to Neutral for Summit Hotel Properties Inc (NYSE: INN). , while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Storey Thomas W., Director bought 16,270 shares of the company’s stock on May 13 ’25. The stock was bought for $75,167 at an average price of $4.62. Upon completion of the transaction, the Director now directly owns 231,337 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 10 ’25, 10% Owner Bright Force Investment, LLC sold 21,207 shares of the business’s stock. A total of $135,301 was realized by selling the stock at an average price of $6.38. This leaves the insider owning 1,578,793 shares of the company worth $8.3 million. A total of 5.52% of the company’s stock is owned by insiders.
During the past 12 months, Summit Hotel Properties Inc has had a low of $3.57 and a high of $7.22. As of last week, the company has a debt-to-equity ratio of 1.57, a current ratio of 0.23, and a quick ratio of 0.23. The fifty day moving average price for INN is $4.3754 and a two-hundred day moving average price translates $5.8547 for the stock.
The latest earnings results from Summit Hotel Properties Inc (NYSE: INN) was released for 2025-03-31. The net profit margin was 3.05% and return on equity was 4.45% for INN. The company reported revenue of $184.48 million for the quarter, compared to $188.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.95 percent.
