IRSA Inversiones y Representaciones SA (IRS) Trading Down 0.9%
Shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) were down 0.9% during mid-day trading on Friday . The company traded as low as $18.50 and last traded at $18.92, with a volume of 241,406 shares. The stock had previously closed at $19.10.
A number of analysts have recently issued reports on IRS shares. Morgan Stanley downgraded shares of IRSA Inversiones y Representaciones SA from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 21st. TheStreet upgraded shares of IRSA Inversiones y Representaciones SA from a “sell” rating to a “hold” rating in a report on Friday, August 26th.
The stock has a market capitalization of $1.09 billion and a price-to-earnings ratio of 189.00. The stock has a 50 day moving average price of $18.18 and a 200 day moving average price of $15.55.
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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