Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Gap Down - Should You Sell?

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%.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) shares 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th.

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

The stock has a market cap of $523.19 million, a price-to-earnings ratio of 7.41 and a beta of 1.10. The stock's fifty day moving average is $10.62 and its 200-day moving average is $10.94. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 0.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $198.10 million during 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%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Comprehensive Money Management Services LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 1.4% in the second quarter. Comprehensive Money Management Services LLC now owns 84,066 shares of the company's stock valued at $905,000 after buying an additional 1,124 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Meixler Investment Management Ltd. boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 9.0% in the second quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company's stock valued at $577,000 after buying an additional 4,446 shares during the period. Ridgewood Investments LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 920.0% in the first quarter. Ridgewood Investments LLC now owns 5,100 shares of the company's stock valued at $56,000 after buying an additional 4,600 shares during the period. Finally, Bank of America Corp DE boosted its holdings 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 during the period. Institutional investors and hedge funds own 12.90% of the company's stock.

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

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.