IRSA Inversiones y Representaciones SA (IRS) Sees Large Volume Increase
Shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) saw unusually-high trading volume on Tuesday . Approximately 102,200 shares traded hands during trading, an increase of 71% from the previous session’s volume of 59,654 shares.The stock last traded at $18.99 and had previously closed at $18.92.
The company’s 50-day moving average price is $16.44 and its 200 day moving average price is $13.72. The firm has a market capitalization of $1.09 billion and a P/E ratio of 171.82.
A hedge fund recently raised its stake in IRSA Inversiones y Representaciones SA stock. Morgan Stanley raised its stake in IRSA Inversiones y Representaciones SA (NYSE:IRS) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,611 shares of the company’s stock after buying an additional 1,709 shares during the period. Morgan Stanley owned approximately 0.16% of IRSA Inversiones y Representaciones SA worth $1,126,000 at the end of the most recent quarter.
Irsa Inversiones y Representaciones Sociedad Anonima (IRSA) is a real estate company. The Company is engaged, directly and indirectly through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including the acquisition, development and operation of shopping centers; the development and sale of residential properties; the acquisition and development of office and other non-shopping center properties primarily for rental purposes; the acquisition and operation of luxury hotels; the acquisition of undeveloped land reserves for future development or sale, and selected real estate investments outside Argentina.
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