Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading Up 4.4% – What’s Next?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)’s stock price traded up 4.4% during trading on Tuesday . The stock traded as high as $9.78 and last traded at $9.73. 103,723 shares changed hands during trading, a decline of 39% from the average session volume of 171,374 shares. The stock had previously closed at $9.32.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 1.7 %

The stock’s 50-day moving average price is $8.82 and its 200 day moving average price is $8.70. The firm has a market capitalization of $563.13 million, a PE ratio of 4.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 0.80.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its quarterly earnings data on Thursday, September 5th. The company reported $1.00 EPS for the quarter. The firm had revenue of $294.43 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 11.64% and a return on equity of 3.90%.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of institutional investors have recently made changes to their positions in CRESY. Glenorchy Capital Ltd raised its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% in the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock valued at $2,443,000 after purchasing an additional 68,606 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at about $884,000. Herr Investment Group LLC acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at approximately $821,000. Ping Capital Management Inc. purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth approximately $773,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% in the 1st quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock valued at $419,000 after purchasing an additional 14,652 shares in the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.