Income Opportunity Realty Investors (NYSEAMERICAN:IOR) Shares Pass Above 50-Day Moving Average - Here's What Happened

Shares of Income Opportunity Realty Investors, Inc. (NYSEAMERICAN:IOR - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.03 and traded as high as $18.10. Income Opportunity Realty Investors shares last traded at $18.20, with a volume of 55 shares traded.

Income Opportunity Realty Investors Price Performance

The business's 50-day simple moving average is $18.07 and its two-hundred day simple moving average is $17.58. The stock has a market cap of $76.82 million, a price-to-earnings ratio of 17.48 and a beta of 0.06.

Insider Buying and Selling

In related news, major shareholder Realty Invest Transcontinental bought 2,500 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average cost of $17.35 per share, for a total transaction of $43,375.00. Following the acquisition, the insider now directly owns 3,428,294 shares of the company's stock, valued at $59,480,900.90. The trade was a 0.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have bought 15,179 shares of company stock worth $266,170. 83.16% of the stock is owned by insiders.

About Income Opportunity Realty Investors

Income Opportunity Realty Investors, Inc, a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships.