IRSA Inversiones y Representaciones SA (NYSE:IRS) shares saw unusually-high trading volume on Wednesday . Approximately 112,779 shares changed hands 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 shares of IRSA Inversiones y Representaciones SA from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 21st.

The company has a market capitalization of $1.04 billion and a price-to-earnings ratio of 181.10. The company has a 50 day moving average of $17.83 and a 200-day moving average of $15.22.

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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