Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Cresud S.A.C.I.F. y A. Trading Down 2.5%

Shares of CRESY stock opened at $8.66 on Friday. The stock has a 50-day simple moving average of $10.75 and a 200 day simple moving average of $10.98. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.29 and a fifty-two week high of $14.23. The stock has a market capitalization of $531.78 million, a P/E ratio of 7.53 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 0.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Thursday, September 4th. The company reported $1.00 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.92% and a net margin of 10.57%.The business had revenue of $198.10 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at about $25,000. Tower Research Capital LLC TRC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 4th quarter valued at $38,000. Ridgewood Investments LLC boosted its position in shares of Cresud S.A.C.I.F. y A. by 920.0% in the 1st quarter. Ridgewood Investments LLC now owns 5,100 shares of the company’s stock valued at $56,000 after purchasing an additional 4,600 shares during the period. 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 valued at $103,000 after purchasing an additional 6,679 shares during the period. Finally, Deuterium Capital Management LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 1st quarter valued at $114,000. Institutional investors own 12.90% of the company’s stock.

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