Shares of IRSA Propiedades Comerciales S.A. (NASDAQ:IRCP) traded up 1.1% during mid-day trading on Tuesday . The stock traded as high as $9.09 and last traded at $8.85. 14,494 shares traded hands during trading, a decline of 30% from the average session volume of 20,652 shares. The stock had previously closed at $8.75.
Separately, TheStreet upgraded shares of IRSA Propiedades Comerciales from a “d+” rating to a “c-” rating in a research note on Thursday, February 4th.
The firm has a market capitalization of $278.78 million, a PE ratio of 0.73 and a beta of 1.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.32 and a current ratio of 1.32. The business’s 50 day moving average is $9.43 and its two-hundred day moving average is $9.72.
A number of institutional investors have recently added to or reduced their stakes in the stock. VR Advisory Services Ltd grew its stake in IRSA Propiedades Comerciales by 17.3% in the 4th quarter. VR Advisory Services Ltd now owns 82,764 shares of the financial services provider’s stock valued at $759,000 after buying an additional 12,186 shares in the last quarter. Stonehill Capital Management LLC grew its position in shares of IRSA Propiedades Comerciales by 21.4% during the 4th quarter. Stonehill Capital Management LLC now owns 15,309 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Perry Creek Capital LP purchased a new position in shares of IRSA Propiedades Comerciales during the 4th quarter valued at $59,000. Institutional investors and hedge funds own 6.44% of the company’s stock.
IRSA Propiedades Comerciales Company Profile (NASDAQ:IRCP)
IRSA Propiedades Comerciales SA engages in the management of shopping centers and office buildings. It operates through the following segments: Shopping Centers, Offices and Others, Sales and Development, and Financial Transactions and Others. The Shopping Centers segment includes the development of shopping centers, lease of retail stores, and other spaces.
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