Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Price Down 3.9% - Should You Sell?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) dropped 3.9% during trading on Thursday . The stock traded as low as $11.43 and last traded at $11.49. Approximately 69,477 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 205,302 shares. The stock had previously closed at $11.95.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 0.2%

The firm has a 50-day moving average of $11.36 and a 200 day moving average of $11.82. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $678.26 million, a price-to-earnings ratio of -10.38 and a beta of 1.13.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.18 EPS for the quarter. The company had revenue of $189.16 million for the quarter. 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%.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Several institutional investors have recently bought and sold shares of CRESY. Tower Research Capital LLC TRC acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter worth about $38,000. Ridgewood Investments LLC lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 920.0% in the 1st quarter. Ridgewood Investments LLC now owns 5,100 shares of the company's stock valued at $56,000 after acquiring an additional 4,600 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after purchasing an additional 6,679 shares in the last quarter. Deuterium Capital Management LLC bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter valued at about $114,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 1st quarter worth approximately $333,000. Institutional investors and hedge funds own 12.90% of the company's stock.

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