Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

by · The Markets Daily

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.18 and traded as high as $11.18. Cresud S.A.C.I.F. y A. shares last traded at $10.86, with a volume of 224,323 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRESY. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. has an average rating of “Hold”.

View Our Latest Stock Report on CRESY

Cresud S.A.C.I.F. y A. Trading Down 1.5%

The business has a 50 day moving average of $12.29 and a 200 day moving average of $11.18. The firm has a market capitalization of $686.13 million, a price-to-earnings ratio of 3.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $211.85 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.75% and a net margin of 23.88%.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several large investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Cresud S.A.C.I.F. y A. in the fourth quarter worth $381,000. State of Wisconsin Investment Board bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 4th quarter valued at $270,000. Kopernik Global Investors LLC raised its stake in Cresud S.A.C.I.F. y A. by 13.9% during the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after buying an additional 519,091 shares during the period. Van ECK Associates Corp lifted its holdings in Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after acquiring an additional 2,957 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Cresud S.A.C.I.F. y A. by 303.3% during the fourth quarter. Jane Street Group LLC now owns 84,132 shares of the company’s stock worth $1,063,000 after acquiring an additional 63,273 shares in the last quarter. Institutional investors own 12.90% of the company’s stock.

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

(Get Free Report)

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.

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