Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Price Down 3.9% – Should You Sell?

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) traded down 3.9% during trading on Thursday . The company traded as low as $11.43 and last traded at $11.49. 69,477 shares changed hands during trading, a decline of 66% from the average session volume of 205,302 shares. The stock had previously closed at $11.95.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Down 0.2%

The business’s 50-day moving average price is $11.36 and its 200-day moving average price is $11.82. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $678.26 million, a PE ratio of -10.38 and a beta of 1.11.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.18 earnings per share (EPS) for the quarter. The business had revenue of $189.16 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative net margin of 5.78% and a negative return on equity of 2.40%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at approximately $38,000. Ridgewood Investments LLC raised its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 920.0% during the first quarter. Ridgewood Investments LLC now owns 5,100 shares of the company’s stock valued at $56,000 after acquiring an additional 4,600 shares in the last quarter. Bank of America Corp DE raised its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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 acquiring an additional 6,679 shares in the last quarter. Deuterium Capital Management LLC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter valued at approximately $114,000. Finally, Cubist Systematic Strategies LLC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter valued at approximately $333,000. Institutional investors 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.