IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.87 and traded as high as $13.94. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.38, with a volume of 286,487 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $1.00 billion, a PE ratio of -3.13 and a beta of 1.45. The business’s 50 day simple moving average is $14.33 and its 200 day simple moving average is $13.87.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.92 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,288 shares during the period. Pictet Asset Management Holding SA acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at about $72,000. Jane Street Group LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $154,000. XTX Topco Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $196,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at approximately $199,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

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.