Irsa Inversiones y Rprsntcins SA (IRS) Sees Strong Trading Volume
Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) saw an uptick in trading volume on Wednesday . 112,779 shares were traded during trading, an increase of 81% from the previous session’s volume of 62,374 shares.The stock last traded at $18.05 and had previously closed at $17.76.
Separately, Morgan Stanley downgraded Irsa Inversiones y Rprsntcins SA from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 21st.
The company has a market cap of $1.04 billion and a P/E ratio of 180.90. The firm’s 50 day moving average price is $17.77 and its 200 day moving average price is $15.18.
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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