Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading Down 3.6% – Here’s Why

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shares fell 3.6% on Wednesday . The company traded as low as $8.94 and last traded at $9.00. 139,365 shares were traded during mid-day trading, a decline of 19% from the average session volume of 172,919 shares. The stock had previously closed at $9.34.

Wall Street Analyst Weigh In

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

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

The company has a market capitalization of $528.12 million, a price-to-earnings ratio of 4.76 and a beta of 1.10. The firm has a fifty day simple moving average of $8.53 and a 200 day simple moving average of $8.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 0.80.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its quarterly earnings results on Thursday, September 5th. The company reported $1.00 earnings per share for 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%. The firm had revenue of $294.43 million for the quarter.

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 CRESY. Deuterium Capital Management LLC purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter worth about $92,000. Anson Capital Inc. purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at approximately $97,000. Truist Financial Corp acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at approximately $216,000. Meixler Investment Management Ltd. grew its position 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 worth $266,000 after acquiring an additional 11,483 shares during the period. Finally, Russell Investments Group Ltd. increased its stake 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 acquiring an additional 14,652 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company’s stock.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.