IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Gap Down – Time to Sell?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.27, but opened at $13.63. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.99, with a volume of 46,868 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Monday.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The stock has a market cap of $1.08 billion, a PE ratio of -3.37 and a beta of 1.35. The firm’s 50-day moving average is $15.03 and its 200 day moving average is $13.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at about $877,000. GAMMA Investing LLC lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,288 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 8,258 shares during the last quarter. Crocodile Capital Partners GmbH purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $541,000. Finally, BNP Paribas Financial Markets raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the third quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock valued at $1,120,000 after buying an additional 12,071 shares during the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

About IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.