Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $10.93. Cresud S.A.C.I.F. y A. shares last traded at $10.90, with a volume of 314,422 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

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

The company’s 50-day simple moving average is $11.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The firm has a market cap of $688.66 million, a P/E ratio of 4.91 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.The business had revenue of $182.78 million for the quarter.

Insider Buying and Selling

In other news, Director Alejandro Gustavo Elsztain acquired 18,200 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $10.95 per share, with a total value of $199,290.00. Following the purchase, the director directly owned 1,225,764 shares of the company’s stock, valued at $13,422,115.80. The trade was a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fernando Adrian Elsztain sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00. Following the completion of the sale, the director directly owned 685,121 shares of the company’s stock, valued at $863,252.46. The trade was a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 85,618 shares of company stock valued at $912,781 and have sold 109,385 shares valued at $133,417. 36.20% of the stock is owned by insiders.

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

Large investors have recently made changes to their positions in the stock. Kopernik Global Investors LLC lifted its stake in Cresud S.A.C.I.F. y A. by 4.0% in the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after acquiring an additional 168,662 shares during the last quarter. Acuitas Investments LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter worth approximately $127,000. R Squared Ltd lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after buying an additional 2,253 shares in the last quarter. XTX Topco Ltd acquired a new stake in Cresud S.A.C.I.F. y A. during the fourth quarter worth approximately $381,000. Finally, State of Wisconsin Investment Board bought a new position in Cresud S.A.C.I.F. y A. during the 4th quarter worth $270,000. Institutional investors own 12.90% of the company’s stock.

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.