IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $9.75 and last traded at $9.70, with a volume of 314835 shares trading hands. The stock had previously closed at $9.14.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "buy" rating to a "hold" rating in a research note on Thursday, February 15th.
Read Our Latest Report on IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
The firm has a market capitalization of $715.41 million, a P/E ratio of 1.43 and a beta of 1.32. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24. The business's 50 day simple moving average is $8.43 and its two-hundred day simple moving average is $7.83.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $132.42 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 99.91% and a return on equity of 25.70%.
Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima
A number of large investors have recently made changes to their positions in IRS. FNY Investment Advisers LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at approximately $38,000. Renaissance Technologies LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $58,000. Mercer Global Advisors Inc. ADV bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $77,000. Jump Financial LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $81,000. Finally, Envestnet Asset Management Inc. bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $135,000. 45.46% of the stock is currently owned by institutional investors.
IRSA Inversiones y Representaciones Sociedad Anónima Company Profile
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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.
Further Reading
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