IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Cross Above 200-Day Moving Average – What’s Next?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.58 and traded as high as $15.63. IRSA Inversiones Y Representaciones shares last traded at $15.3390, with a volume of 156,811 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

The business has a fifty day simple moving average of $15.34 and a two-hundred day simple moving average of $15.57. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. The company has a market cap of $1.28 billion, a P/E ratio of 4.38 and a beta of 1.32.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%. The firm had revenue of $104.67 million for the quarter.

Insider Activity

In related news, CIO Jorge Alberto Cruces sold 24,913 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IRS. FNY Investment Advisers LLC bought a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at $60,000. Absolute Gestao de Investimentos Ltda. bought a new position in IRSA Inversiones Y Representaciones in the 1st quarter worth $405,000. QRG Capital Management Inc. lifted its position in IRSA Inversiones Y Representaciones by 121.7% during the first quarter. QRG Capital Management Inc. now owns 22,328 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 12,255 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in IRSA Inversiones Y Representaciones during the first quarter valued at about $712,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in IRSA Inversiones Y Representaciones in the first quarter worth about $170,000. 45.46% of the stock is currently owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.