Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Gap Down - Here's Why

Key Points

• Cresud S.A.C.I.F. y A. shares gapped down from $9.69 to $8.81 before the market opened, closing last at $8.91 with a trading volume of 293,618 shares.
• Wall Street Zen upgraded Cresud from a "hold" to a "buy" rating, indicating a positive outlook on the stock.
• The company's recent quarterly earnings reported an EPS of $1.00 and a revenue of $198.10 million, showing a net margin of 10.57% and a return on equity of 4.92%.

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $9.69, but opened at $8.81. Cresud S.A.C.I.F. y A. shares last traded at $8.91, with a volume of 293,618 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research note on Sunday.

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

The stock has a market capitalization of $554.53 million, a price-to-earnings ratio of 7.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.25 and a quick ratio of 0.95. The company's 50-day simple moving average is $10.83 and its 200-day simple moving average is $11.01.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $1.00 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.57% and a return on equity of 4.92%. The business had revenue of $198.10 million for the quarter.

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

A number of large investors have recently added to or reduced their stakes in CRESY. GAMMA Investing LLC raised its holdings in Cresud S.A.C.I.F. y A. by 942.7% in the first quarter. GAMMA Investing LLC now owns 67,272 shares of the company's stock valued at $743,000 after acquiring an additional 60,820 shares in the last quarter. Systrade AG boosted its position in Cresud S.A.C.I.F. y A. by 19.6% during the 1st quarter. Systrade AG now owns 174,912 shares of the company's stock worth $1,933,000 after acquiring an additional 28,631 shares during the period. GMT Capital Corp acquired a new stake in Cresud S.A.C.I.F. y A. in the 1st quarter worth approximately $11,342,000. Comprehensive Money Management Services LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the fourth quarter worth $966,000. Finally, Tower Research Capital LLC TRC bought a new position in Cresud S.A.C.I.F. y A. during the fourth quarter worth about $38,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.

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