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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.02 and traded as high as $16.82. IRSA Inversiones Y Representaciones shares last traded at $16.7650, with a volume of 118,589 shares traded.

Wall Street Analyst Weigh In

IRS has been the topic of several analyst reports. Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, January 22nd. Finally, Itau BBA Securities raised shares of IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, IRSA Inversiones Y Representaciones presently has an average rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Price Performance

The stock’s 50-day moving average is $15.67 and its 200 day moving average is $15.02. The stock has a market capitalization of $1.30 billion, a PE ratio of 3.62 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.44.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.58 EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 25.51%. The firm had revenue of $105.18 million for the quarter.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in IRSA Inversiones Y Representaciones by 17.9% in the fourth quarter. Invesco Ltd. now owns 64,575 shares of the financial services provider’s stock valued at $1,068,000 after acquiring an additional 9,812 shares during the last quarter. XTX Topco Ltd acquired a new stake in IRSA Inversiones Y Representaciones in the fourth quarter valued at approximately $283,000. VR Advisory Services Ltd lifted its stake in IRSA Inversiones Y Representaciones by 0.5% in the fourth quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock valued at $44,163,000 after acquiring an additional 13,926 shares during the last quarter. Abel Hall LLC acquired a new stake in IRSA Inversiones Y Representaciones in the fourth quarter valued at approximately $165,000. Finally, State of Wisconsin Investment Board acquired a new stake in IRSA Inversiones Y Representaciones in the fourth quarter valued at approximately $424,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.