Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESW) Trading Up 17.2% – Time to Buy?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESW) shot up 17.2% during trading on Tuesday . The stock traded as high as $1.53 and last traded at $1.5240. 26,958 shares were traded during mid-day trading, an increase of 161% from the average session volume of 10,310 shares. The stock had previously closed at $1.30.

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

The stock has a 50 day moving average of $1.17 and a 200-day moving average of $0.94.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria is a diversified Argentine company primarily engaged in agricultural production and land management. The company’s core activities include the cultivation of soybeans, corn, wheat and other grains, as well as cattle ranching operations. Cresud leverages modern agronomic practices, mechanization and crop rotation techniques to optimize yields across its extensive portfolio of owned and leased farmland.

In addition to its agropecuary business, Cresud maintains a significant real estate division that develops and manages commercial, residential and industrial properties.