Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 12-Month Low – Here’s What Happened

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares hit a new 52-week low during trading on Monday . The company traded as low as $0.0308 and last traded at $11.12, with a volume of 2259 shares trading hands. The stock had previously closed at $11.15.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CRESY. Wall Street Zen raised 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Cresud S.A.C.I.F. y A. has an average rating of “Hold”.

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

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 cap of $702.61 million, a PE ratio of 5.01 and a beta of 0.71. The business’s 50 day moving average is $11.69.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Thursday, May 7th. The company reported $999.00 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.17%.

Insider Transactions at Cresud S.A.C.I.F. y A.

In other Cresud S.A.C.I.F. y A. news, Director Alejandro Gustavo Elsztain bought 4,458 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Thursday, April 23rd. The stock was purchased at an average cost of $11.20 per share, for a total transaction of $49,929.60. Following the completion of the purchase, the director directly owned 1,207,564 shares of the company’s stock, valued at $13,524,716.80. The trade was a 0.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 36.20% of the stock is owned by company insiders.

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

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Van ECK Associates Corp lifted its stake 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 during the last quarter. Bank of America Corp DE lifted its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in the fourth 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. Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the first quarter worth $127,000. Finally, Salzhauer Michael acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the fourth quarter worth $126,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.