Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Price Down 3.1% – Should You Sell?

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) were down 3.1% during mid-day trading on Wednesday . The company traded as low as $12.80 and last traded at $12.80. Approximately 108,022 shares were traded during trading, a decline of 55% from the average daily volume of 239,981 shares. The stock had previously closed at $13.21.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th.

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

The stock has a fifty day moving average of $12.50 and a 200-day moving average of $9.87. The firm has a market capitalization of $729.15 million, a P/E ratio of -9.16 and a beta of 1.13. 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 Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.6096 per share. This is a boost from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. The ex-dividend date was Monday, December 2nd. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is -44.70%.

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. Systrade AG bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at about $1,848,000. GAMMA Investing LLC lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% in the fourth quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock valued at $81,000 after buying an additional 4,545 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock valued at $1,421,000 after acquiring an additional 55,900 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% during the 3rd quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock worth $412,000 after acquiring an additional 3,893 shares during the period. Finally, Glenorchy Capital Ltd raised its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% during the 3rd quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock valued at $2,443,000 after acquiring an additional 68,606 shares during the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

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.