Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading Down 3.9% - Here's What Happened

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

Analyst Ratings Changes

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

The stock's 50-day simple moving average is $11.37 and its 200 day simple moving average is $11.82. 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 company has a market cap of $675.84 million, a price-to-earnings ratio of -10.30 and a beta of 1.11.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last posted its 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 net margin of 5.78% and a negative return on equity of 2.40%.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 9.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company's stock worth $11,474,000 after buying an additional 90,066 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter worth approximately $333,000. GMT Capital Corp acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter valued at approximately $11,342,000. Russell Investments Group Ltd. boosted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 6.8% in the first quarter. Russell Investments Group Ltd. now owns 107,309 shares of the company's stock valued at $1,186,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Deuterium Capital Management LLC acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter valued at approximately $114,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

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.