Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.71 and traded as high as $9.67. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $9.65, with a volume of 149,897 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

The company has a 50 day simple moving average of $8.95 and a 200 day simple moving average of $8.71. The company has a market capitalization of $577.65 million, a price-to-earnings ratio of 7.37 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.30.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last posted its earnings results on Thursday, September 5th. The company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $294.43 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 11.64% and a return on equity of 3.78%.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Several large investors have recently added to or reduced their stakes in the stock. Deuterium Capital Management LLC purchased a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter worth $92,000. Anson Capital Inc. acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth about $97,000. Truist Financial Corp purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at about $216,000. Meixler Investment Management Ltd. grew its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% during the 1st quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock valued at $266,000 after purchasing an additional 11,483 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% during the 1st quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock valued at $419,000 after purchasing an additional 14,652 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.