IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Share Price Crosses Above Two Hundred Day Moving Average of $6.60

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.60 and traded as high as $6.97. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $6.86, with a volume of 115,996 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on IRSA Inversiones y Representaciones Sociedad Anónima in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The firm has a market cap of $556.26 million, a PE ratio of 1.98 and a beta of 1.13. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $7.34 and a two-hundred day simple moving average of $6.60.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several institutional investors and hedge funds have recently added to or reduced their stakes in IRS. Mirae Asset Global Investments Co. Ltd. boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 8.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,576 shares of the financial services provider’s stock worth $825,000 after acquiring an additional 7,549 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth approximately $77,000. SeaCrest Wealth Management LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth approximately $108,000. Goldman Sachs Group Inc. boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 10.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 140,897 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 13,584 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 17.56% 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. 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.