Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Pass Above 200 Day Moving Average of $8.51

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.51 and traded as high as $9.47. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $8.96, with a volume of 212,946 shares trading hands.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 4.2 %

The business’s 50 day moving average is $8.49 and its two-hundred day moving average is $8.51. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $531.68 million, a P/E ratio of 2.52 and a beta of 1.17.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.56) earnings per share for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 24.32% and a return on equity of 8.22%. The company had revenue of $246.62 million for the quarter.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. raised its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 79.5% in the third quarter. Citigroup Inc. now owns 116,647 shares of the company’s stock worth $780,000 after acquiring an additional 51,670 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the third quarter worth about $30,000. Quadrature Capital Ltd raised its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% in the fourth quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock worth $1,020,000 after acquiring an additional 50,923 shares in the last quarter. Kopernik Global Investors LLC bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter worth about $7,384,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 4th quarter worth about $104,000. 12.90% of the stock is currently owned by institutional investors.

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.