Income Opportunity Realty Investors (NYSEAMERICAN:IOR) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.94 and traded as high as $18.25. Income Opportunity Realty Investors shares last traded at $18.25, with a volume of 254 shares traded.

Income Opportunity Realty Investors Price Performance

The firm’s fifty day moving average price is $17.94 and its 200-day moving average price is $18.22. The firm has a market capitalization of $74.28 million, a P/E ratio of 18.43 and a beta of -0.01.

Income Opportunity Realty Investors (NYSEAMERICAN:IOR) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.25 EPS for the quarter. The firm had revenue of $1.38 million for the quarter.

Insider Activity at Income Opportunity Realty Investors

In other news, major shareholder Realty Invest Transcontinental acquired 1,700 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $17.89 per share, for a total transaction of $30,413.00. Following the completion of the acquisition, the insider directly owned 3,449,104 shares in the company, valued at $61,704,470.56. This represents a 0.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders acquired 8,577 shares of company stock valued at $153,624. 83.16% of the stock is currently owned by insiders.

About Income Opportunity Realty Investors

Income Opportunity Realty Investors, Inc is a real estate investment trust organized in October 2001 that focuses on owning, acquiring and managing income-producing retail properties. The company’s portfolio primarily consists of grocery-anchored, multi-tenant retail shopping centers and strip retail centers designed to serve everyday consumer needs.

The REIT seeks out properties with solid cash flows and creditworthy anchor tenants, such as grocery and pharmacy operators, in small to mid-sized markets across the United States.