Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading Up 4.3% – Should You Buy?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shot up 4.3% on Monday . The company traded as high as $11.97 and last traded at $11.95. 106,076 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 205,575 shares. The stock had previously closed at $11.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a report on Thursday.

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

The company has a market capitalization of $715.77 million, a P/E ratio of -10.95 and a beta of 1.11. The business has a 50 day moving average of $11.09 and a 200 day moving average of $11.66. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.18 EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative net margin of 5.78% and a negative return on equity of 2.40%. The business had revenue of $189.16 million during the quarter.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 9.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company’s stock valued at $11,474,000 after acquiring an additional 90,066 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter worth approximately $333,000. GMT Capital Corp purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter valued at $11,342,000. Russell Investments Group Ltd. boosted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 6.8% in the first quarter. Russell Investments Group Ltd. now owns 107,309 shares of the company’s stock worth $1,186,000 after acquiring an additional 6,837 shares in the last quarter. Finally, Deuterium Capital Management LLC purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter worth about $114,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.