Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.57 and traded as high as $12.52. Cresud S.A.C.I.F. y A. shares last traded at $12.05, with a volume of 192,799 shares trading hands.

Analyst Upgrades and Downgrades

CRESY has been the subject of several recent research reports. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.43. The stock’s fifty day moving average price is $11.97 and its 200-day moving average price is $11.59. The firm has a market cap of $758.84 million, a PE ratio of 4.06 and a beta of 0.89.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.35 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 23.88% and a return on equity of 10.34%. The firm had revenue of $211.85 million for the quarter.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Cresud S.A.C.I.F. y A. during the second quarter worth $25,000. Van ECK Associates Corp grew its holdings in 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 valued at $73,000 after purchasing an additional 2,957 shares during the last quarter. Bank of America Corp DE increased its position 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 valued at $103,000 after buying an additional 6,679 shares in the last quarter. Salzhauer Michael acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth $126,000. Finally, HRT Financial LP purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the 4th quarter worth about $168,000. 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.