Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Pass Above 200 Day Moving Average – Time to Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.20 and traded as high as $12.03. Cresud S.A.C.I.F. y A. shares last traded at $11.67, with a volume of 233,538 shares changing hands.

Wall Street Analyst Weigh In

CRESY has been the subject of several recent analyst reports. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Down 1.2%

The company’s fifty day moving average is $12.17 and its two-hundred day moving average is $11.20. The company has a quick ratio of 1.07, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. The stock has a market cap of $737.31 million, a price-to-earnings ratio of 3.94 and a beta of 0.96.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Wednesday, February 25th. The company reported $0.35 EPS for the quarter. The business had revenue of $211.85 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.

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

Several hedge funds have recently made changes to their positions in CRESY. Kopernik Global Investors LLC grew its holdings in Cresud S.A.C.I.F. y A. by 13.9% in the fourth quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock valued at $53,638,000 after purchasing an additional 519,091 shares during the period. GMT Capital Corp lifted its position in Cresud S.A.C.I.F. y A. by 52.9% during the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock valued at $16,889,000 after buying an additional 543,213 shares in the last quarter. Systrade AG grew its stake in Cresud S.A.C.I.F. y A. by 190.5% during the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after buying an additional 698,341 shares during the period. 683 Capital Management LLC grew its stake in Cresud S.A.C.I.F. y A. by 7.1% during the second quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock worth $9,566,000 after buying an additional 59,000 shares during the period. Finally, VR Advisory Services Ltd increased its position in shares of Cresud S.A.C.I.F. y A. by 113.0% in the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after acquiring an additional 470,365 shares in the last quarter. Institutional investors and hedge funds 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.