Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.37 and traded as high as $13.06. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $12.96, with a volume of 147,794 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

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

The firm has a fifty day moving average of $11.48 and a 200-day moving average of $9.41. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The firm has a market cap of $775.84 million, a P/E ratio of -9.82 and a beta of 1.16.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were paid a $0.6096 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio (DPR) is -44.70%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Anson Capital Inc. bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at about $97,000. Truist Financial Corp bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth $216,000. Meixler Investment Management Ltd. grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the 3rd quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock valued at $412,000 after buying an additional 3,893 shares during the period. Ping Capital Management Inc. bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at $773,000. Finally, Herr Investment Group LLC acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth $821,000. Institutional investors own 12.90% of the company’s stock.

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.