Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.20 and traded as high as $12.03. Cresud S.A.C.I.F. y A. shares last traded at $11.67, with a volume of 233,538 shares changing hands.

Wall Street Analysts Forecast Growth

CRESY has been the topic of several research reports. Weiss Ratings restated 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 upgraded shares of 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. has an average rating of “Hold”.

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

The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $737.31 million, a PE ratio of 3.94 and a beta of 0.96. The firm has a 50 day moving average price of $12.17 and a 200 day moving average price of $11.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Wednesday, February 25th. The company reported $0.35 EPS for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.The company had revenue of $211.85 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRESY. Kopernik Global Investors LLC grew its stake in shares of Cresud S.A.C.I.F. y A. by 13.9% during the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock valued at $53,638,000 after acquiring an additional 519,091 shares during the period. GMT Capital Corp raised its stake in 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 acquiring an additional 543,213 shares during the period. Systrade AG raised its stake in Cresud S.A.C.I.F. y A. by 190.5% during the 4th quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after acquiring an additional 698,341 shares during the period. 683 Capital Management LLC lifted its holdings in Cresud S.A.C.I.F. y A. by 7.1% during the second quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock valued at $9,566,000 after purchasing an additional 59,000 shares in the last quarter. Finally, VR Advisory Services Ltd lifted its holdings in Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after purchasing an additional 470,365 shares in the last quarter. 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.