StockNews.com Downgrades Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) to Sell

StockNews.com downgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) from a hold rating to a sell rating in a research report report published on Thursday morning.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Up 0.4 %

Shares of CRESY opened at $7.67 on Thursday. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52 week low of $6.16 and a 52 week high of $10.75. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $455.14 million, a price-to-earnings ratio of 3.97 and a beta of 1.18. The stock’s 50-day moving average price is $8.47 and its 200-day moving average price is $8.76.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its earnings results on Friday, May 10th. The company reported ($1.05) EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 4.79% and a net margin of 13.46%. The company had revenue of $168.31 million during the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 10th were paid a $0.3826 dividend. The ex-dividend date was Monday, June 10th. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s payout ratio is 18.65%.

Hedge Funds Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of large investors have recently bought and sold shares of CRESY. Activest Wealth Management acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 1st quarter worth about $35,000. Deuterium Capital Management LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter valued at approximately $92,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at approximately $104,000. Meixler Investment Management Ltd. acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at approximately $173,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at approximately $306,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

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.