Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Technical breakout: CRESY shares crossed above their 200-day moving average (200‑day = $11.44) and last traded at $12.57 after reaching as high as $12.82, signaling a potential bullish technical shift.
• Attractive valuation and solid quarterly results: The stock trades at a low P/E of 4.25 with a market cap of about $794.2M, and the company reported $0.35 EPS, a 23.88% net margin and $211.85M in revenue for the quarter.
• Analyst and institutional activity is mixed: Wall Street Zen upgraded CRESY to a "buy" while the consensus remains a "Hold," and several hedge funds have recently initiated or increased positions (institutions own ~12.9% of the stock).

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.44 and traded as high as $12.82. Cresud S.A.C.I.F. y A. shares last traded at $12.57, with a volume of 161,382 shares changing hands.

Wall Street Analyst Weigh In

CRESY has been the subject of a number of analyst reports. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research note on Saturday, January 17th. Weiss Ratings restated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. presently has an average rating of "Hold".

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

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 company's 50 day moving average is $12.11 and its 200 day moving average is $11.44. The stock has a market cap of $794.22 million, a price-to-earnings ratio of 4.25 and a beta of 0.96.

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

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Cresud S.A.C.I.F. y A. during the second quarter worth $25,000. Van ECK Associates Corp increased its position in shares of Cresud S.A.C.I.F. y A. by 103.9% in the fourth 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% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after buying an additional 6,679 shares in the last quarter. Salzhauer Michael acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth $126,000. Finally, PharVision Advisers LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter worth $135,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

Cresud S.A.C.I.F. y A. Company Profile

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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