IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Passes Above 200 Day Moving Average – Should You Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.58 and traded as high as $15.63. IRSA Inversiones Y Representaciones shares last traded at $15.3390, with a volume of 156,811 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Price Performance

The company has a fifty day simple moving average of $15.30 and a 200 day simple moving average of $15.58. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 4.43 and a beta of 1.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share for the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%. The company had revenue of $104.67 million during the quarter.

Insider Buying and Selling

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 25.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IRS. FNY Investment Advisers LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter valued at $60,000. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth $405,000. QRG Capital Management Inc. raised its stake in IRSA Inversiones Y Representaciones by 121.7% during the first quarter. QRG Capital Management Inc. now owns 22,328 shares of the financial services provider’s stock worth $362,000 after buying an additional 12,255 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in IRSA Inversiones Y Representaciones during the first quarter worth $712,000. Finally, Kestra Private Wealth Services LLC acquired a new position in IRSA Inversiones Y Representaciones in the first quarter valued at $170,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Company Profile

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.