IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.46 and traded as high as $13.34. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.19, with a volume of 165,567 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IRS. Jefferies Financial Group upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating and boosted their target price for the company from $10.50 to $13.00 in a research report on Wednesday, August 14th. StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research report on Friday, September 6th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The stock has a market cap of $985.16 million, a P/E ratio of 43.97 and a beta of 1.28. The firm has a 50 day moving average price of $11.79 and a 200 day moving average price of $10.48.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last released its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 27.55%. The company had revenue of $129.87 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at about $27,000. GAMMA Investing LLC raised its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 1,419 shares during the period. Deuterium Capital Management LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth approximately $96,000. Advisors Preferred LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth approximately $94,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth approximately $269,000. Hedge funds and other institutional investors own 45.46% 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. 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.