Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $11.06. Cresud S.A.C.I.F. y A. shares last traded at $10.89, with a volume of 227,958 shares trading hands.

Wall Street Analyst Weigh In

CRESY has been the subject of a number of research analyst reports. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Down 1.4%

The stock has a market capitalization of $688.03 million, a P/E ratio of 4.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. The business had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.

Insider Buying and Selling at Cresud S.A.C.I.F. y A.

In other news, Director Alejandro Gustavo Elsztain bought 18,200 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $10.95 per share, for a total transaction of $199,290.00. Following the completion of the acquisition, the director directly owned 1,225,764 shares in the company, valued at approximately $13,422,115.80. This trade represents a 1.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eduardo S. Elsztain bought 8,823 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $10.67 per share, with a total value of $94,141.41. Following the completion of the acquisition, the director owned 9,854,101 shares of the company’s stock, valued at $105,143,257.67. This represents a 0.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 103,451 shares of company stock valued at $1,112,911. Company insiders own 36.20% of the company’s stock.

Institutional Trading of Cresud S.A.C.I.F. y A.

A number of large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at $25,000. Van ECK Associates Corp lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% in the fourth 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 in the last quarter. Bank of America Corp DE boosted its holdings 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 valued at $103,000 after purchasing an additional 6,679 shares during the period. Salzhauer Michael purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the fourth quarter worth $126,000. Finally, Acuitas Investments LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $127,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

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.