IRSA Propiedades Comerciales SA (NASDAQ:IRCP) traded down 2.4% during trading on Tuesday . The stock traded as low as $13.56 and last traded at $13.56, 1,023 shares were traded during trading. A decline of 88% from the average session volume of 8,224 shares. The stock had previously closed at $13.90.
Several analysts have recently commented on the stock. TheStreet downgraded shares of IRSA Propiedades Comerciales from a “c-” rating to a “d+” rating in a report on Thursday, August 29th. ValuEngine upgraded shares of IRSA Propiedades Comerciales from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd.
The firm has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $15.22. The company has a market capitalization of $439.74 million, a price-to-earnings ratio of -1.04 and a beta of 0.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46.
An institutional investor recently bought a new position in IRSA Propiedades Comerciales stock. Advantage Investment Management LLC purchased a new stake in IRSA Propiedades Comerciales SA (NASDAQ:IRCP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,567 shares of the financial services provider’s stock, valued at approximately $254,000. Advantage Investment Management LLC owned 0.06% of IRSA Propiedades Comerciales at the end of the most recent quarter. 7.88% of the stock is owned by institutional investors.
IRSA Propiedades Comerciales Company Profile (NASDAQ:IRCP)
IRSA Propiedades Comerciales SA operates as an investment arm of IRSA Inversiones y Representaciones SA Alto Palermo SA engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires.
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