IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Crosses Above 200 Day Moving Average of $5.50

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.50 and traded as high as $6.00. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $5.95, with a volume of 7,416 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on IRSA Inversiones y Representaciones Sociedad Anónima in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 0.3 %

The stock has a market cap of $482.49 million, a P/E ratio of 1.46 and a beta of 1.01. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $5.69 and a two-hundred day moving average price of $5.50.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $77,000. Jane Street Group LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $228,000. Renaissance Technologies LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $164,000. Envestnet Asset Management Inc. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $135,000. Finally, Citigroup Inc. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $336,000. 17.11% of the stock is currently owned by hedge funds and other institutional investors.

About IRSA Inversiones y Representaciones Sociedad Anónima

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IRSA Inversiones y Representaciones SA engages in the real estate business. It operates through the Operations Center in Argentina and Operations Center in Israel segments. The Operations Center in Argentina segment operates in the following segments: shopping malls, offices and others, sales and developments, hotels, international, and financial operations, corporate and others.