Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Pass 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 Thursday . The stock has a 200-day moving average of $11.18 and traded as high as $11.18. Cresud S.A.C.I.F. y A. shares last traded at $10.86, with a volume of 224,323 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRESY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Monday, December 29th. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Price Performance

The stock has a market cap of $681.08 million, a price-to-earnings ratio of 3.64 and a beta of 0.96. The company’s 50 day moving average is $12.27 and its 200 day moving average is $11.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Wednesday, February 25th. The company reported $0.35 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 23.88% and a return on equity of 7.75%. The company had revenue of $211.85 million during the quarter.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Several hedge funds and other institutional investors have recently bought and sold shares of CRESY. Kopernik Global Investors LLC grew its holdings in Cresud S.A.C.I.F. y A. by 13.9% in the fourth quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock valued at $53,638,000 after purchasing an additional 519,091 shares during the last quarter. GMT Capital Corp raised its stake in shares of Cresud S.A.C.I.F. y A. by 52.9% during the 2nd quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock worth $16,889,000 after buying an additional 543,213 shares during the last quarter. Systrade AG boosted its position in shares of Cresud S.A.C.I.F. y A. by 190.5% in the 4th quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after buying an additional 698,341 shares in the last quarter. 683 Capital Management LLC boosted its position in shares of Cresud S.A.C.I.F. y A. by 7.1% in the 2nd quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock worth $9,566,000 after buying an additional 59,000 shares in the last quarter. Finally, VR Advisory Services Ltd grew its stake in Cresud S.A.C.I.F. y A. by 113.0% in the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after acquiring an additional 470,365 shares during the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

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.