IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.20 and traded as high as $15.44. IRSA Inversiones Y Representaciones shares last traded at $15.3860, with a volume of 157,896 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Trading Up 4.0%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 4.87 and a beta of 1.30. The company’s 50 day simple moving average is $15.09 and its two-hundred day simple moving average is $15.20.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings results on Friday, August 14th. The financial services provider reported $1.26 EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 58.90% and a return on equity of 17.99%. The business had revenue of $107.22 million for the quarter.

Insider Buying and Selling

In related news, CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total value of $38,116.89. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 25.06% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IRS. Secure Asset Management LLC lifted its position in shares of IRSA Inversiones Y Representaciones by 1.3% in the second quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock worth $1,423,000 after buying an additional 1,200 shares during the last quarter. Triumph Capital Management bought a new position in shares of IRSA Inversiones Y Representaciones in the 2nd quarter valued at approximately $48,000. FNY Investment Advisers LLC acquired a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter worth approximately $60,000. Polen Capital Management LLC boosted its position in IRSA Inversiones Y Representaciones by 8.0% during the fourth quarter. Polen Capital Management LLC now owns 102,911 shares of the financial services provider’s stock worth $1,702,000 after purchasing an additional 7,605 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new position in IRSA Inversiones Y Representaciones during the first quarter valued at approximately $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 Sociedad Anónima is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels, residential projects and land reserves, with operations concentrated primarily in Argentina.

The company develops and operates commercial properties that serve retailers, restaurants and entertainment businesses, while its office portfolio provides space for corporate and professional tenants.