IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Share Price Passes Above 200-Day Moving Average – What’s Next?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s share 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 changing hands.

Analyst Ratings Changes

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 Trading Up 2.4 %

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

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

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,288 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at about $72,000. Jane Street Group LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at about $154,000. XTX Topco Ltd purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth approximately $196,000. Finally, Quadrature Capital Ltd acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth approximately $199,000. 45.46% of the stock is 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.