IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

by · The Markets Daily

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.11 and traded as high as $12.03. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $11.89, with a volume of 96,930 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IRS. Jefferies Financial Group upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and upped their target price for the company from $10.50 to $13.00 in a research note on Wednesday, August 14th. StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Friday, September 6th.

Check Out Our Latest Analysis on IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The stock has a market capitalization of $908.48 million, a P/E ratio of 19.48 and a beta of 1.30. The company has a 50 day moving average of $10.87 and a 200-day moving average of $10.12. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.19.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last issued its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 29.86%. The company had revenue of $129.87 million for the quarter.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $27,000. GAMMA Investing LLC increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,419 shares during the period. Advisors Preferred LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $94,000. Deuterium Capital Management LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter valued at $96,000. Finally, BW Gestao de Investimentos Ltda. acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter valued at $269,000. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

(Get Free Report)

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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