Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Gap Down – What’s Next?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) gapped down prior to trading on Friday . The stock had previously closed at $12.29, but opened at $11.80. Cresud S.A.C.I.F. y A. shares last traded at $12.0020, with a volume of 110,106 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CRESY shares. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday. 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, November 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

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

The business has a fifty day moving average price of $10.57 and a 200-day moving average price of $10.76. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $749.11 million, a PE ratio of 10.37 and a beta of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.42 earnings per share for the quarter. The company had revenue of $239.85 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.

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

The firm also recently announced an annual dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be issued a dividend of $0.6293 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 531.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is currently 26.32%.

Institutional Trading of Cresud S.A.C.I.F. y A.

Several hedge funds have recently added to or reduced their stakes in CRESY. Kopernik Global Investors LLC grew its stake in shares of Cresud S.A.C.I.F. y A. by 19.9% during the second quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock valued at $25,747,000 after buying an additional 396,741 shares during the last quarter. GMT Capital Corp boosted its holdings in Cresud S.A.C.I.F. y A. by 52.9% during the 2nd quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock valued at $16,889,000 after acquiring an additional 543,213 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cresud S.A.C.I.F. y A. by 9.5% during the 1st 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 during the period. 683 Capital Management LLC grew its position in Cresud S.A.C.I.F. y A. by 7.1% during the 2nd quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock worth $9,566,000 after acquiring an additional 59,000 shares during the last quarter. Finally, VR Advisory Services Ltd increased its stake in Cresud S.A.C.I.F. y A. by 113.0% in the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after purchasing an additional 470,365 shares during the period. 12.90% of the stock is owned by institutional investors.

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