IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.67 and traded as high as $13.98. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.48, with a volume of 116,942 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The company’s fifty day simple moving average is $14.82 and its two-hundred day simple moving average is $13.67. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -3.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.92 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,288 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth about $72,000. Jane Street Group LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth about $154,000. XTX Topco Ltd acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at about $196,000. Finally, Quadrature Capital Ltd bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at about $199,000. 45.46% of the stock is currently owned by institutional investors.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.