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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

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

The stock has a market cap of $678.55 million, a price-to-earnings ratio of 4.84 and a beta of 0.73. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Tuesday, March 31st. The company reported $0.45 EPS 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%.The company had revenue of $182.78 million for the quarter.

Insider Buying and Selling

In other news, Director Alejandro Gustavo Elsztain purchased 18,200 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $10.95 per share, for a total transaction of $199,290.00. Following the completion of the purchase, the director directly owned 1,225,764 shares in the company, valued at $13,422,115.80. The trade was a 1.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eduardo S. Elsztain purchased 8,823 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $10.67 per share, with a total value of $94,141.41. Following the purchase, the director directly owned 9,854,101 shares in the company, valued at approximately $105,143,257.67. The trade was a 0.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 103,451 shares of company stock valued at $1,112,911 over the last ninety days. 36.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRESY. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter worth approximately $25,000. Van ECK Associates Corp grew its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% during 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 in the last quarter. Salzhauer Michael bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth $126,000. Finally, Acuitas Investments LLC bought a new position in Cresud S.A.C.I.F. y A. during the first quarter worth $127,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

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.