Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.44 and traded as high as $12.82. Cresud S.A.C.I.F. y A. shares last traded at $12.57, with a volume of 161,382 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Down 1.2%

The business’s fifty day moving average price is $12.11 and its 200 day moving average price is $11.44. The company has a quick ratio of 1.07, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $794.22 million, a PE ratio of 4.25 and a beta of 0.96.

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

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

Several hedge funds have recently made changes to their positions in the business. Steadtrust LLC grew its position in shares of Cresud S.A.C.I.F. y A. by 0.8% in the fourth quarter. Steadtrust LLC now owns 134,608 shares of the company’s stock valued at $1,700,000 after purchasing an additional 1,108 shares during the period. Comprehensive Money Management Services LLC lifted its position in Cresud S.A.C.I.F. y A. by 1.9% during the fourth quarter. Comprehensive Money Management Services LLC now owns 82,203 shares of the company’s stock worth $1,038,000 after buying an additional 1,522 shares during the period. Raymond James Financial Inc. purchased a new position in Cresud S.A.C.I.F. y A. during the second quarter worth about $25,000. Van ECK Associates Corp boosted its stake in Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after buying an additional 2,957 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in 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 buying an additional 6,679 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company’s stock.

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

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.