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

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.44 and traded as high as $12.82. Cresud S.A.C.I.F. y A. shares last traded at $12.57, with a volume of 161,382 shares changing hands.

Analyst Ratings Changes

CRESY has been the subject of several research reports. 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, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

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

The stock has a market cap of $794.80 million, a price-to-earnings ratio of 4.25 and a beta of 0.89. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $12.10 and its two-hundred day moving average is $11.45.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.35 EPS for the quarter. The business had revenue of $211.85 million during 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%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Crocodile Capital Partners GmbH boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 438.1% during the fourth 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 during the last quarter. Systrade AG increased its stake in Cresud S.A.C.I.F. y A. by 30.9% in the third quarter. Systrade AG now owns 366,652 shares of the company’s stock valued at $3,373,000 after purchasing an additional 86,589 shares during the last quarter. GMT Capital Corp lifted its position in Cresud S.A.C.I.F. y A. by 52.9% during the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock worth $16,889,000 after buying an additional 543,213 shares during the period. Kopernik Global Investors LLC boosted its stake in Cresud S.A.C.I.F. y A. by 19.9% in the 2nd quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock worth $25,747,000 after buying an additional 396,741 shares during the last quarter. Finally, 683 Capital Management LLC boosted its stake in Cresud S.A.C.I.F. y A. by 7.1% in the 2nd quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock worth $9,566,000 after buying an additional 59,000 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.