IRSA Inversiones y Representaciones SA (NYSE:IRS) shares saw unusually-high trading volume on Monday . Approximately 260,600 shares changed hands during mid-day trading, an increase of 264% from the previous session’s volume of 71,559 shares.The stock last traded at $18.90 and had previously closed at $19.10.

IRS has been the topic of a number of research reports. TheStreet upgraded shares of IRSA Inversiones y Representaciones SA from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. Morgan Stanley lowered shares of IRSA Inversiones y Representaciones SA from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 21st.

The firm has a market cap of $1.09 billion and a PE 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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