IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) shares dropped 6.8% on Wednesday . The company traded as low as $10.84 and last traded at $10.72. Approximately 35,644 shares traded hands during trading, a decline of 78% from the average daily volume of 162,668 shares. The stock had previously closed at $11.50.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.
Get Our Latest Research Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 8.6 %
The firm has a market cap of $1.05 billion, a PE ratio of -3.25 and a beta of 1.23. 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 company's 50 day moving average price is $13.29 and its 200 day moving average price is $14.16.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%.
Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
A number of institutional investors have recently modified their holdings of IRS. GAMMA Investing LLC boosted its stake 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 valued at $70,000 after purchasing an additional 1,288 shares in the last quarter. Stokes Family Office LLC lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the 4th quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock valued at $693,000 after purchasing an additional 1,611 shares during the last quarter. Glenorchy Capital Ltd grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% during the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock valued at $656,000 after purchasing an additional 2,262 shares during the last quarter. Systrade AG boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider's stock valued at $1,547,000 after acquiring an additional 3,601 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at $72,000. Institutional investors and hedge funds own 45.46% of the company's stock.
About IRSA Inversiones y Representaciones Sociedad Anónima
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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.
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