Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $10.93. Cresud S.A.C.I.F. y A. shares last traded at $10.90, with a volume of 314,422 shares.
Analyst Upgrades and Downgrades
CRESY has been the subject of several research analyst reports. Wall Street Zen lowered shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. has a consensus rating of "Hold".
Read Our Latest Research Report on CRESY
Cresud S.A.C.I.F. y A. Price Performance
The company has a market cap of $688.66 million, a PE ratio of 4.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The company's 50 day moving average price is $11.26.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%.
Insider Activity at Cresud S.A.C.I.F. y A.
In related news, Director Fernando Adrian Elsztain sold 70,000 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $1.26, for a total transaction of $88,200.00. Following the sale, the director directly owned 685,121 shares in the company, valued at approximately $863,252.46. This trade represents a 9.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alejandro Gustavo Elsztain bought 18,200 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was purchased at an average price of $10.95 per share, with a total value of $199,290.00. Following the completion of the purchase, the director directly owned 1,225,764 shares of the company's stock, valued at approximately $13,422,115.80. This trade represents a 1.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 85,618 shares of company stock worth $912,781 and sold 109,385 shares worth $133,417. 36.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.
Several large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $25,000. Van ECK Associates Corp boosted its stake in Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock valued at $73,000 after buying an additional 2,957 shares in the last quarter. Bank of America Corp DE increased its position in shares of Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock worth $103,000 after purchasing an additional 6,679 shares in the last quarter. Salzhauer Michael acquired a new position in Cresud S.A.C.I.F. y A. in the fourth quarter valued at about $126,000. Finally, Acuitas Investments LLC bought a new stake in Cresud S.A.C.I.F. y A. during the first quarter worth about $127,000. Institutional investors and hedge funds own 12.90% of the company's stock.
About Cresud S.A.C.I.F. y A.
(
Get Free Report)
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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