Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Price Up 4.4% – What’s Next?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shares rose 4.4% during mid-day trading on Tuesday . The company traded as high as $9.78 and last traded at $9.73. Approximately 103,723 shares were traded during trading, a decline of 39% from the average daily volume of 171,374 shares. The stock had previously closed at $9.32.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.

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

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 0.80. The stock has a market cap of $563.13 million, a PE ratio of 4.92 and a beta of 1.10. The company has a 50-day simple moving average of $8.82 and a 200-day simple moving average of $8.70.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its earnings results on Thursday, September 5th. The company reported $1.00 earnings per share (EPS) for the quarter. The company had revenue of $294.43 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 11.64% and a return on equity of 3.90%.

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

A number of hedge funds have recently bought and sold shares of CRESY. Deuterium Capital Management LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter valued at about $92,000. Meixler Investment Management Ltd. grew its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% in the first quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock valued at $266,000 after purchasing an additional 11,483 shares during the period. Russell Investments Group Ltd. increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% during the first quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock worth $419,000 after purchasing an additional 14,652 shares during the last quarter. Ping Capital Management Inc. purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth approximately $773,000. Finally, Anson Capital Inc. acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth $97,000. Institutional investors and hedge funds 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.