Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Crosses 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 Tuesday . The stock has a 200-day moving average of $11.16 and traded as high as $11.85. Cresud S.A.C.I.F. y A. shares last traded at $11.44, with a volume of 191,944 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Monday, December 29th. 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. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 2.8%

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 company has a market cap of $722.78 million, a PE ratio of 3.86 and a beta of 0.93. The company’s fifty day moving average is $12.35 and its 200-day moving average is $11.16.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Tuesday, February 10th. The company reported $0.36 earnings per share for the quarter. The business had revenue of $214.02 million during the quarter. Cresud S.A.C.I.F. y A. had a net margin of 23.88% and a return on equity of 10.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRESY. Raymond James Financial Inc. purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at about $25,000. Van ECK Associates Corp boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after buying an additional 2,957 shares during the last quarter. Bank of America Corp DE grew its position 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 buying an additional 6,679 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $124,000. Finally, Salzhauer Michael purchased a new stake in Cresud S.A.C.I.F. y A. during the fourth quarter valued at approximately $126,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

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.