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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.88 and traded as high as $12.65. Cresud S.A.C.I.F. y A. shares last traded at $12.34, with a volume of 206,717 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Monday, December 29th. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, 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’s 50-day moving average is $11.88 and its 200-day moving average is $10.89. The firm has a market capitalization of $781.54 million, a price-to-earnings ratio of 5.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.33 and a quick ratio of 1.01.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $1.29 earnings per share for the quarter. The company had revenue of $230.87 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 18.98% and a return on equity of 8.12%.

Cresud S.A.C.I.F. y A. Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were issued a $0.6293 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 531.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is presently 26.75%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Systrade AG lifted its stake in shares of Cresud S.A.C.I.F. y A. by 190.5% in the 4th quarter. Systrade AG now owns 1,064,993 shares of the company’s stock valued at $13,451,000 after purchasing an additional 698,341 shares in the last quarter. Crocodile Capital Partners GmbH increased its position in Cresud S.A.C.I.F. y A. by 438.1% during the 4th quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock worth $9,689,000 after purchasing an additional 624,614 shares in the last quarter. PharVision Advisers LLC purchased a new position in Cresud S.A.C.I.F. y A. in the third quarter valued at approximately $135,000. VR Advisory Services Ltd raised its holdings in Cresud S.A.C.I.F. y A. by 113.0% in the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after buying an additional 470,365 shares during the period. Finally, Centiva Capital LP acquired a new position in Cresud S.A.C.I.F. y A. during the third quarter valued at approximately $163,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Cresud S.A.C.I.F. y A. Company Profile

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.