Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Passes Above 200 Day Moving Average – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares passed 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.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, Cresud S.A.C.I.F. y A. has a consensus rating of “Hold”.

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

The company has a market capitalization of $803.02 million, a P/E ratio of 7.10 and a beta of 0.75. The firm’s 50 day moving average price is $11.46. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly 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 return on equity of 6.18% and a net margin of 12.93%.The business had revenue of $231.08 million for the quarter.

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

In related news, Director Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $1.25, for a total value of $81,250.00. Following the transaction, the director directly owned 515,736 shares of the company’s stock, valued at $644,670. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 169,385 shares of company stock valued at $200,217 over the last quarter. 36.20% of the stock is owned by insiders.

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

A number of large investors have recently added to or reduced their stakes in CRESY. Acuitas Investments LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at about $127,000. R Squared Ltd boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after purchasing an additional 2,253 shares during the period. OceanIQ Capital LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter worth about $650,000. Finally, Kopernik Global Investors LLC grew its stake in shares of Cresud S.A.C.I.F. y A. by 4.0% in the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after purchasing an additional 168,662 shares during the last quarter. 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.