Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Crosses Above Two Hundred 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 Thursday . The stock has a 200-day moving average of $10.88 and traded as high as $12.65. Cresud S.A.C.I.F. y A. shares last traded at $12.34, with a volume of 206,717 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRESY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Monday, December 29th. Wall Street Zen lowered shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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

The stock has a market capitalization of $779.64 million, a P/E ratio of 5.41 and a beta of 0.93. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $10.88.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $1.29 earnings per share (EPS) for the quarter. The company had revenue of $230.87 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 8.12% and a net margin of 18.98%.

Cresud S.A.C.I.F. y A. Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were issued a dividend of $0.6293 per share. This represents a dividend yield of 531.0%. The ex-dividend date was Friday, November 28th. Cresud S.A.C.I.F. y A.’s dividend payout ratio is currently 26.75%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position 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 worth $103,000 after purchasing an additional 6,679 shares in the last quarter. Comprehensive Money Management Services LLC increased its position in Cresud S.A.C.I.F. y A. by 1.4% during the 2nd quarter. Comprehensive Money Management Services LLC now owns 84,066 shares of the company’s stock valued at $905,000 after buying an additional 1,124 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at $124,000. Meixler Investment Management Ltd. boosted its holdings in Cresud S.A.C.I.F. y A. by 9.0% in the second quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company’s stock worth $577,000 after acquiring an additional 4,446 shares in the last quarter. Finally, Helikon Investments Ltd grew its stake in shares of Cresud S.A.C.I.F. y A. by 21.3% in the second quarter. Helikon Investments Ltd now owns 395,181 shares of the company’s stock worth $4,252,000 after acquiring an additional 69,317 shares during the last quarter. Hedge funds and other institutional investors 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.