Irsa Inversiones y Rprsntcins (NYSE:IRS) Stock Crosses Above 200-Day Moving Average of $8.90

Irsa Inversiones y Rprsntcins SA (NYSE:IRS)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.90 and traded as high as $5.44. Irsa Inversiones y Rprsntcins shares last traded at $5.38, with a volume of 1,455 shares trading hands.

The company has a fifty day moving average price of $5.86 and a 200 day moving average price of $8.90. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.70.

Several large investors have recently bought and sold shares of IRS. Public Employees Retirement System of Ohio bought a new position in shares of Irsa Inversiones y Rprsntcins during the second quarter valued at approximately $138,000. Citadel Advisors LLC bought a new position in shares of Irsa Inversiones y Rprsntcins during the second quarter valued at approximately $201,000. Newfoundland Capital Management grew its holdings in shares of Irsa Inversiones y Rprsntcins by 40.6% during the second quarter. Newfoundland Capital Management now owns 138,803 shares of the financial services provider’s stock valued at $1,357,000 after purchasing an additional 40,109 shares during the last quarter. FMR LLC grew its holdings in shares of Irsa Inversiones y Rprsntcins by 40.7% during the first quarter. FMR LLC now owns 885,323 shares of the financial services provider’s stock valued at $9,649,000 after purchasing an additional 256,104 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in shares of Irsa Inversiones y Rprsntcins by 24.0% during the second quarter. City of London Investment Management Co. Ltd. now owns 1,273,944 shares of the financial services provider’s stock valued at $12,427,000 after purchasing an additional 246,317 shares during the last quarter. 21.45% of the stock is owned by institutional investors.

About Irsa Inversiones y Rprsntcins (NYSE:IRS)

IRSA Inversiones y Representaciones Sociedad Anónima 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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