Retail Opportunity Investments Stock Hits New 52-Week High (ROIC)

NEW YORK ( TheStreet) -- Retail Opportunity Investments Corp (Nasdaq: ROIC) hit a new 52-week high Wednesday as it traded at $10.64 compared with its previous 52-Week high of $10.64. Retail Opportunity Investments is changing hands at $10.63 with 21,295 shares traded as of 9:37 a.m. ET. Average volume has been 239,900 shares over the past 30 days.

Retail Opportunity Investments has a market cap of $436.9 million and is part of the financial sector and financial services industry. Shares are up 5.3% year to date as of the close of trading on Tuesday.

Retail Opportunity Investments Corp. engages in investing in, acquiring, owning, and managing commercial real estate in the United States. Its portfolio of retail properties include community and neighborhood shopping centers anchored by national or regional supermarkets and drugstores.

TheStreet Ratings rates Retail Opportunity Investments as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Retail Opportunity Investments Ratings Report.

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