IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.46 and traded as high as $13.34. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.19, with a volume of 165,567 shares traded.

Analysts Set New Price Targets

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50 day simple moving average is $11.73 and its 200 day simple moving average is $10.46. The company has a market capitalization of $985.16 million, a PE ratio of 43.97 and a beta of 1.30.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter. The business had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 27.55%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $27,000. GAMMA Investing LLC grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,419 shares in the last quarter. Advisors Preferred LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $94,000. Deuterium Capital Management LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $96,000. Finally, BW Gestao de Investimentos Ltda. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $269,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.