IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Passes Above 200 Day Moving Average - Here's What Happened

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.26 and traded as high as $14.74. IRSA Inversiones Y Representaciones shares last traded at $14.39, with a volume of 173,783 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th.

IRSA Inversiones Y Representaciones Trading Down 0.6%

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.12 and a beta of 1.41. The business has a 50 day simple moving average of $14.66 and a 200 day simple moving average of $14.26.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 EPS for the quarter. The company had revenue of $117.45 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%.

Institutional Trading of IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently added to or reduced their stakes in IRS. Ridgewood Investments LLC raised its holdings in IRSA Inversiones Y Representaciones by 810.8% during the 1st quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock worth $61,000 after purchasing an additional 4,200 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in IRSA Inversiones Y Representaciones during the 4th quarter worth about $72,000. Deuterium Capital Management LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at about $136,000. Jane Street Group LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 4th quarter valued at about $154,000. Finally, XTX Topco Ltd bought a new stake in shares of IRSA Inversiones Y Representaciones in the 4th quarter valued at about $196,000. 45.46% of the stock is owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.

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