Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.08 and traded as high as $13.45. Cresud S.A.C.I.F. y A. shares last traded at $13.09, with a volume of 257,839 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report 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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Down 1.9%

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.33 and a quick ratio of 1.01. The business’s 50-day moving average price is $12.22 and its 200 day moving average price is $11.08. The firm has a market capitalization of $827.03 million, a price-to-earnings ratio of 5.74 and a beta of 0.93.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Tuesday, November 25th. The company reported $1.29 earnings per share (EPS) 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%.The business had revenue of $230.87 million for the quarter.

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

The business also recently disclosed an annual dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were paid a dividend of $0.6293 per share. This represents a yield of 531.0%. The ex-dividend date was Friday, November 28th. Cresud S.A.C.I.F. y A.’s dividend payout ratio is 26.75%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at approximately $25,000. Bank of America Corp DE increased its stake in 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 bought a new stake in Cresud S.A.C.I.F. y A. during the second quarter valued at $124,000. Salzhauer Michael acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the fourth quarter worth $126,000. Finally, PharVision Advisers LLC bought a new position in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter worth about $135,000. 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.