Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Cresud shares crossed above their 200-day moving average, trading as high as $12.89 before closing at $12.74 on volume of 304,305 shares.
• Analyst sentiment remains cautious: Weiss Ratings reaffirmed a “hold (c)” rating, and MarketBeat reports an average rating of “Hold” from the sole analyst covering the stock.
• The company reported quarterly EPS of $1.14 on revenue of $231.08 million, with a 12.93% net margin and 6.18% return on equity; insiders sold shares during the quarter while institutional ownership stood at 12.90%.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $12.89. Cresud S.A.C.I.F. y A. shares last traded at $12.74, with a volume of 304,305 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Cresud S.A.C.I.F. y A. has an average rating of "Hold".

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

The stock's 50 day simple moving average is $11.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. The firm has a market cap of $804.91 million, a P/E ratio of 7.12 and a beta of 0.75.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Saturday, August 15th. The company reported $1.14 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%. The company had revenue of $231.08 million for the quarter.

Insider Transactions at Cresud S.A.C.I.F. y A.

In other Cresud S.A.C.I.F. y A. news, Director Fernando Elsztain sold 65,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $1.25, for a total value of $81,250.00. Following the sale, the director directly owned 515,736 shares of the company's stock, valued at approximately $644,670. This trade represents a 11.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 169,385 shares of company stock valued at $200,217. 36.20% of the stock is currently owned by company insiders.

Institutional Trading of Cresud S.A.C.I.F. y A.

Institutional investors have recently modified their holdings of the company. Kopernik Global Investors LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 4.0% during the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company's stock valued at $56,166,000 after purchasing an additional 168,662 shares during the period. OceanIQ Capital LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter valued at $650,000. Acuitas Investments LLC purchased a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter worth $127,000. Finally, R Squared Ltd lifted its holdings in Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company's stock worth $223,000 after buying an additional 2,253 shares in the last quarter. Hedge funds and other institutional investors own 12.90% of the company's stock.

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

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, and management of farmland. Its activities include the production of grains, oilseeds, sugarcane, and other crops, as well as cattle production. The company also develops and sells agricultural properties and provides related farming and land-management services.

Cresud's operations are primarily based in Argentina, where it manages agricultural land and conducts crop and livestock activities.

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