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 Analysts Forecast Growth
Separately, Wall Street Zen downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.
Check Out Our Latest Research Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 2.3%
The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $14.09 and a 200-day moving average price of $14.64. The firm has a market cap of $1.14 billion, a P/E ratio of -3.53 and a beta of 1.43.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%. The business had revenue of $117.45 million for the quarter.
Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
A number of institutional investors have recently added to or reduced their stakes in IRS. Ridgewood Investments LLC boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 810.8% during the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 4,200 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $72,000. Deuterium Capital Management LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at about $136,000. Jane Street Group LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $154,000. Finally, XTX Topco Ltd bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $196,000. Institutional investors own 45.46% of the company's stock.
About IRSA Inversiones y Representaciones Sociedad Anónima
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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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