Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $11.75. Cresud S.A.C.I.F. y A. shares last traded at $11.57, with a volume of 161,183 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRESY shares. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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

The stock has a market cap of $712.04 million, a PE ratio of 5.08 and a beta of 0.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%. The firm had revenue of $182.78 million during the quarter.

Insider Activity

In other news, Director Alejandro Gustavo Elsztain purchased 18,200 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $10.95 per share, for a total transaction of $199,290.00. Following the completion of the acquisition, the director owned 1,225,764 shares in the company, valued at approximately $13,422,115.80. The trade was a 1.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eduardo S. Elsztain bought 8,823 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $10.67 per share, for a total transaction of $94,141.41. Following the completion of the acquisition, the director owned 9,854,101 shares in the company, valued at $105,143,257.67. This represents a 0.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 103,451 shares of company stock valued at $1,112,911. 36.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares in the last quarter. Sei Investments Co. increased its position in shares of Cresud S.A.C.I.F. y A. by 66.2% during the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after acquiring an additional 39,488 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth about $25,000. R Squared Ltd bought a new position in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at about $229,000. Finally, Banco BTG Pactual S.A. bought a new position in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at about $400,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Cresud S.A.C.I.F. y A. Company Profile

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.