Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 1-Year Low – What’s Next?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) reached a new 52-week low during trading on Thursday . The company traded as low as $0.0308 and last traded at $11.16, with a volume of 53832 shares traded. The stock had previously closed at $11.23.

Analyst Upgrades and Downgrades

CRESY has been the topic of a number of research analyst reports. 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 reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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

The firm has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $11.83. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The stock has a market cap of $694.39 million, a price-to-earnings ratio of 3.72 and a beta of 0.89.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.35 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.The firm had revenue of $211.85 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRESY. Bank of America Corp DE lifted its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in 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 during the period. Sei Investments Co. lifted its stake in shares of Cresud S.A.C.I.F. y A. by 66.2% in the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after purchasing an additional 39,488 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $25,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $150,000. Finally, R Squared Ltd acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $229,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

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

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.