Income Opportunity Realty Investors (NYSEAMERICAN:IOR) Shares Pass Above 200-Day Moving Average – Time to Sell?

Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.44 and traded as high as $20.00. Income Opportunity Realty Investors shares last traded at $20.00, with a volume of 23 shares.

Income Opportunity Realty Investors Stock Performance

The firm has a fifty day moving average of $18.76 and a 200-day moving average of $18.44. The stock has a market capitalization of $81.40 million, a price-to-earnings ratio of 20.20 and a beta of -0.02.

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

Insider Activity

In related news, major shareholder Realty Invest Transcontinental bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $26,625.00. Following the acquisition, the insider owned 3,460,847 shares in the company, valued at $61,430,034.25. This represents a 0.04% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 21,619 shares of company stock valued at $385,150 in the last ninety days. 83.16% of the stock is currently owned by company insiders.

Income Opportunity Realty Investors Company Profile

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.