Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Rating Lowered by Wall Street Zen

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Cresud S.A.C.I.F. y A. Stock Down 3.6%

Cresud S.A.C.I.F. y A. stock opened at $8.52 on Monday. The firm has a market cap of $523.21 million, a price-to-earnings ratio of 7.41 and a beta of 1.10. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.23. The business’s 50-day moving average price is $10.62 and its 200 day moving average price is $10.95. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 0.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Thursday, September 4th. The company reported $1.00 EPS for the quarter. The firm had revenue of $198.10 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.92% and a net margin of 10.57%.

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

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Ridgewood Investments LLC grew its holdings in Cresud S.A.C.I.F. y A. by 920.0% in the first quarter. Ridgewood Investments LLC now owns 5,100 shares of the company’s stock valued at $56,000 after purchasing an additional 4,600 shares during the period. Bank of America Corp DE grew its holdings in Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after purchasing an additional 6,679 shares during the period. Deuterium Capital Management LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the first quarter valued at approximately $114,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $124,000. 12.90% of the stock is owned by institutional investors and hedge funds.

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.