IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Share Price Crosses Above 200-Day Moving Average - Here's Why

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.61 and traded as high as $15.90. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $15.46, with a volume of 84,555 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 0.3%

The company's fifty day moving average is $14.02 and its two-hundred day moving average is $14.62. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -3.60 and a beta of 1.43. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. The firm had revenue of $117.45 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth approximately $4,209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider's stock worth $11,164,000 after acquiring an additional 72,738 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 42.7% during the first quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider's stock worth $275,000 after acquiring an additional 6,390 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth approximately $1,956,000. Finally, Invesco Ltd. grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 1.9% during the first quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider's stock worth $694,000 after acquiring an additional 1,027 shares during the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones y Representaciones Sociedad Anónima 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.