IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Down 5.6%

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price dropped 5.6% on Monday . The company traded as low as $8.32 and last traded at $8.46. Approximately 137,080 shares traded hands during trading, a decline of 14% from the average daily volume of 159,200 shares. The stock had previously closed at $8.96.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 2.2 %

The company has a market capitalization of $638.41 million, a PE ratio of 13.39 and a beta of 1.39. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average price is $10.04 and its two-hundred day moving average price is $9.11.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.47 earnings per share for the quarter. The firm had revenue of $71.62 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 29.02% and a net margin of 8.94%.

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, June 3rd were issued a $0.6303 dividend. The ex-dividend date was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is presently 99.80%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $27,000. FNY Investment Advisers LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at about $38,000. Advisors Preferred LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $94,000. Deuterium Capital Management LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $96,000. Finally, QRG Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at approximately $177,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

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.