IRSA Propiedades Comerciales (NASDAQ:IRCP) Shares Pass Below Fifty Day Moving Average of $8.06

Shares of IRSA Propiedades Comerciales SA (NASDAQ:IRCP) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.06 and traded as low as $7.90. IRSA Propiedades Comerciales shares last traded at $8.00, with a volume of 1,191 shares traded.

IRCP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of IRSA Propiedades Comerciales from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. downgraded shares of IRSA Propiedades Comerciales from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $9.50 in a research note on Wednesday, June 10th.

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $8.06 and its 200-day moving average price is $7.39. The stock has a market capitalization of $252.00 million, a P/E ratio of -0.76 and a beta of 1.10.

IRSA Propiedades Comerciales (NASDAQ:IRCP) last released its quarterly earnings data on Tuesday, June 16th. The financial services provider reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($2.27). IRSA Propiedades Comerciales had a negative net margin of 194.27% and a negative return on equity of 35.40%. Analysts anticipate that IRSA Propiedades Comerciales SA will post -1.84 earnings per share for the current year.

IRSA Propiedades Comerciales Company Profile (NASDAQ:IRCP)

IRSA Propiedades Comerciales SA operates as an investment arm of IRSA Inversiones y Representaciones SA Alto Palermo SA engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires.

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