IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.50 and traded as high as $15.50. IRSA Inversiones Y Representaciones shares last traded at $15.2450, with a volume of 95,289 shares traded.

Wall Street Analysts Forecast Growth

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

IRSA Inversiones Y Representaciones Trading Up 0.1%

The business’s 50 day moving average price is $15.59 and its two-hundred day moving average price is $15.49. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 4.33 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94.

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

Insider Transactions at IRSA Inversiones Y Representaciones

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction on Tuesday, June 30th. The stock was 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 this hyperlink. Insiders own 25.06% of the company’s stock.

Institutional Trading of IRSA Inversiones Y Representaciones

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp acquired a new position in IRSA Inversiones Y Representaciones during the third quarter worth about $25,000. FNY Investment Advisers LLC acquired a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter valued at about $60,000. Brevan Howard Capital Management LP bought a new position in shares of IRSA Inversiones Y Representaciones during the 3rd quarter valued at about $130,000. Engineers Gate Manager LP bought a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at about $148,000. Finally, Abel Hall LLC bought a new position in shares of IRSA Inversiones Y Representaciones during the 4th quarter valued at about $165,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

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.