Income Opportunity Realty Investors (NYSEAMERICAN:IOR) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.22 and traded as low as $17.65. Income Opportunity Realty Investors shares last traded at $17.83, with a volume of 1,563 shares traded.

Income Opportunity Realty Investors Price Performance

The stock has a market cap of $72.45 million, a P/E ratio of 17.98 and a beta of -0.01. The stock’s 50-day moving average is $17.97 and its two-hundred day moving average is $18.22.

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

Insider Activity

In other news, major shareholder Realty Invest Transcontinental bought 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $17.89 per share, for a total transaction of $30,413.00. Following the completion of the transaction, the insider owned 3,449,104 shares of the company’s stock, valued at approximately $61,704,470.56. This represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 8,617 shares of company stock valued at $154,334 over the last quarter. Insiders own 83.16% of the company’s stock.

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.