IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Cross Above 200 Day Moving Average of $8.07

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.07 and traded as high as $9.63. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.57, with a volume of 103,496 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 2.7 %

The company has a market cap of $704.69 million, a P/E ratio of 1.41 and a beta of 1.32. The business has a fifty day moving average price of $8.69 and a 200-day moving average price of $8.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.24.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its quarterly earnings data on Monday, February 5th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 25.70% and a net margin of 99.91%. The company had revenue of $132.42 million during the quarter.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Helikon Investments Ltd grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% during the first quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock worth $11,853,000 after buying an additional 42,494 shares during the last quarter. RFG Advisory LLC boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% during the first quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock valued at $970,000 after acquiring an additional 37,598 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $98,000. Kopernik Global Investors LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $249,000. Finally, QRG Capital Management Inc. bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $177,000. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.