Irsa Inversiones y Rprsntcins (NYSE:IRS) Share Price Crosses Above Fifty Day Moving Average of $9.64

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Irsa Inversiones y Rprsntcins SA (NYSE:IRS)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.64 and traded as high as $10.14. Irsa Inversiones y Rprsntcins shares last traded at $10.14, with a volume of 341 shares trading hands.

Separately, Zacks Investment Research downgraded shares of Zurich Insurance Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 20th.

The firm’s 50-day moving average price is $9.64. The stock has a market capitalization of $595.46 million, a P/E ratio of 2.17 and a beta of 1.17. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70.

Irsa Inversiones y Rprsntcins (NYSE:IRS) last announced its quarterly earnings data on Monday, May 13th. The financial services provider reported ($1.39) EPS for the quarter. The firm had revenue of $438.23 million for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cutler Group LP boosted its holdings in shares of Irsa Inversiones y Rprsntcins by 89.9% during the 1st quarter. Cutler Group LP now owns 2,979 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,410 shares during the period. Legal & General Group Plc raised its stake in Irsa Inversiones y Rprsntcins by 225.8% in the 4th quarter. Legal & General Group Plc now owns 17,906 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 12,410 shares in the last quarter. Nordea Investment Management AB raised its stake in Irsa Inversiones y Rprsntcins by 42.0% in the 4th quarter. Nordea Investment Management AB now owns 39,216 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 11,600 shares in the last quarter. FMR LLC raised its stake in Irsa Inversiones y Rprsntcins by 113.6% in the 4th quarter. FMR LLC now owns 629,219 shares of the financial services provider’s stock worth $8,217,000 after purchasing an additional 334,647 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Irsa Inversiones y Rprsntcins by 5.5% in the 4th quarter. BlackRock Inc. now owns 757,629 shares of the financial services provider’s stock worth $9,894,000 after purchasing an additional 39,506 shares in the last quarter. 22.45% of the stock is owned by institutional investors.

Irsa Inversiones y Rprsntcins Company Profile (NYSE:IRS)

IRSA Inversiones y Representaciones Sociedad AnĂ³nima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale.

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