Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Posts Quarterly Earnings Results

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) released its earnings results on Thursday. The company reported $1.18 EPS for the quarter, Zacks reports. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.40% and a negative net margin of 5.78%. The business had revenue of $189.16 million during the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Up 4.2 %

NASDAQ:CRESY traded up $0.46 during trading hours on Friday, reaching $11.40. The company had a trading volume of 169,961 shares, compared to its average volume of 205,505. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a twelve month low of $6.56 and a twelve month high of $14.23. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The firm has a market cap of $689.76 million, a price-to-earnings ratio of -10.56 and a beta of 1.11. The business's 50-day simple moving average is $10.97 and its two-hundred day simple moving average is $11.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria stock. Bank of America Corp DE grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Free Report) by 464.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,116 shares of the company's stock after acquiring an additional 6,679 shares during the period. Bank of America Corp DE's holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria were worth $103,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.90% of the company's stock.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.