Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Cross Above 200 Day Moving Average – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.79 and traded as high as $12.52. Cresud S.A.C.I.F. y A. shares last traded at $12.23, with a volume of 239,338 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRESY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Monday, December 29th. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 1.3%

The company’s fifty day simple moving average is $11.80 and its 200 day simple moving average is $10.79. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $772.74 million, a PE ratio of 5.36 and a beta of 0.93.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Tuesday, November 25th. The company reported $1.29 earnings per share for the quarter. The firm had revenue of $230.87 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 8.12% and a net margin of 18.98%.

Cresud S.A.C.I.F. y A. Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were issued a $0.6293 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 531.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio is 26.32%.

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

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in Cresud S.A.C.I.F. y A. during the second quarter worth about $25,000. Bank of America Corp DE lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 464.8% during 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 last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $124,000. PharVision Advisers LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter worth approximately $135,000. Finally, Virtu Financial LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter worth approximately $144,000. Institutional investors own 12.90% of the company’s stock.

Cresud S.A.C.I.F. y A. Company Profile

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.