IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Passes Above 200 Day Moving Average - Here's Why

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.21 and traded as high as $16.38. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $16.02, with a volume of 180,953 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "buy" rating to a "hold" rating in a report on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 0.6 %

The company has a market capitalization of $1.20 billion, a P/E ratio of -3.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The business's 50-day moving average price is $15.46 and its two-hundred day moving average price is $12.21.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently announced a -- dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were given a $3.60 dividend. The ex-dividend date was Friday, November 29th. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima's previous -- dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima's payout ratio is currently -21.52%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,288 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider's stock worth $228,000 after purchasing an additional 8,258 shares during the period. Secure Asset Management LLC increased its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% during the third quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider's stock worth $1,103,000 after acquiring an additional 10,824 shares in the last quarter. BNP Paribas Financial Markets lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider's stock valued at $1,120,000 after acquiring an additional 12,071 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $199,000. Institutional investors and hedge funds own 45.46% of the company's stock.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.