IRSA Inversiones y Representaciones SA (NYSE:IRS)’s share price fell 0.9% during mid-day trading on Friday . The stock traded as low as $18.50 and last traded at $18.92, with a volume of 241,406 shares changing hands. The stock had previously closed at $19.10.

Several research firms have recently issued reports on IRS. Morgan Stanley lowered 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’s 50-day moving average is $18.18 and its 200-day moving average is $15.55. The firm has a market capitalization of $1.09 billion and a PE ratio of 189.00.

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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