Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 12-Month Low - Here's Why

Key Points

• New 52-week low: Cresud hit a new 52-week low, trading intraday as low as $0.0308 and last closing at $11.26 on a volume of 255,400 shares.
• Insider buy: Director Alejandro Gustavo Elsztain purchased 13,375 shares at an average price of $11.23, raising his stake to 1,203,206 shares; insiders now own 36.20% of the company.
• Analyst and financial snapshot: Wall Street Zen upgraded the stock to a Buy while the consensus remains a Hold; Cresud has a $711.41M market cap, a P/E of 3.80, reported $0.35 EPS for the quarter and a 23.88% net margin.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $0.0308 and last traded at $11.26, with a volume of 255400 shares traded. The stock had previously closed at $11.26.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRESY. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Cresud S.A.C.I.F. y A. currently has an average rating of "Hold".

Cresud S.A.C.I.F. y A. Price Performance

The company has a market capitalization of $711.41 million, a price-to-earnings ratio of 3.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07. The business has a fifty day moving average price of $11.73 and a 200 day moving average price of $11.92.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.35 EPS for the quarter. The company had revenue of $211.85 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.

Insider Activity at Cresud S.A.C.I.F. y A.

In other Cresud S.A.C.I.F. y A. news, Director Alejandro Gustavo Elsztain purchased 13,375 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were bought at an average cost of $11.23 per share, with a total value of $150,201.25. Following the completion of the acquisition, the director owned 1,203,206 shares of the company's stock, valued at approximately $13,512,003.38. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 36.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Steadtrust LLC increased its holdings in shares of Cresud S.A.C.I.F. y A. by 0.8% during the fourth quarter. Steadtrust LLC now owns 134,608 shares of the company's stock valued at $1,700,000 after purchasing an additional 1,108 shares during the period. Comprehensive Money Management Services LLC grew its holdings in Cresud S.A.C.I.F. y A. by 1.9% during the fourth quarter. Comprehensive Money Management Services LLC now owns 82,203 shares of the company's stock worth $1,038,000 after acquiring an additional 1,522 shares during the period. Raymond James Financial Inc. acquired a new position in Cresud S.A.C.I.F. y A. during the second quarter worth about $25,000. Van ECK Associates Corp grew its holdings in Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock worth $73,000 after acquiring an additional 2,957 shares during the period. Finally, Bank of America Corp DE grew its holdings in Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock worth $103,000 after acquiring an additional 6,679 shares during the period. 12.90% of the stock is owned by institutional investors and hedge funds.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. NASDAQ: CRESY is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.

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