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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.21 and traded as high as $16.38. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $16.02, with a volume of 180,953 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.20 billion, a PE ratio of -3.59 and a beta of 1.38. The business has a 50 day simple moving average of $15.46 and a 200 day simple moving average of $12.21.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently disclosed a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were given a $3.60 dividend. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is presently -21.52%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Several large investors have recently bought and sold shares of IRS. Systrade AG acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth $1,138,000. Mirabella Financial Services LLP purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at about $877,000. Sanctuary Advisors LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at about $473,000. Ping Capital Management Inc. purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $289,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth about $199,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

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.