Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $8.91, but opened at $9.23. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.23, with a volume of 1,391 shares traded.
IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 2.9 %
The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $662.05 million, a price-to-earnings ratio of 14.22 and a beta of 1.40. The firm has a 50 day moving average of $10.10 and a two-hundred day moving average of $9.11.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.47 earnings per share for the quarter. The company had revenue of $71.62 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 29.02% and a net margin of 8.94%.
IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend
Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth about $27,000. FNY Investment Advisers LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at approximately $38,000. Deuterium Capital Management LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $96,000. Advisors Preferred LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth approximately $94,000. Finally, QRG Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $177,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.
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.
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