Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Trading Up 3% – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price shot up 3% during trading on Thursday . The company traded as high as $12.19 and last traded at $12.2820. 32,661 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 263,629 shares. The stock had previously closed at $11.92.

Wall Street Analyst Weigh In

Several research firms have commented on CRESY. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Up 5.7%

The business’s 50 day simple moving average is $11.13. The stock has a market cap of $795.82 million, a PE ratio of 7.06 and a beta of 0.75. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Saturday, August 15th. The company reported $1.14 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%. The company had revenue of $231.08 million for the quarter.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $25,000. Van ECK Associates Corp raised 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 valued at $73,000 after acquiring an additional 2,957 shares during the period. Bank of America Corp DE lifted its holdings in Cresud S.A.C.I.F. y A. by 464.8% during 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 last quarter. Acuitas Investments LLC bought a new position in Cresud S.A.C.I.F. y A. during the first quarter worth $127,000. Finally, HRT Financial LP bought a new position in Cresud S.A.C.I.F. y A. during the fourth quarter worth $168,000. 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.