Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Reaches New 52-Week High – Still a Buy?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) hit a new 52-week high on Monday . The stock traded as high as $14.11 and last traded at $13.88, with a volume of 114310 shares changing hands. The stock had previously closed at $13.42.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $10.47 and a 200 day moving average of $9.05. The firm has a market capitalization of $798.53 million, a PE ratio of -10.11 and a beta of 1.16.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, December 2nd were paid a dividend of $0.6096 per share. This is a boost from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. The ex-dividend date of this dividend was Monday, December 2nd. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is presently -44.70%.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds have recently bought and sold shares of the stock. Anson Capital Inc. purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth about $97,000. Truist Financial Corp purchased a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth approximately $216,000. Meixler Investment Management Ltd. grew its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 47.1% during the second quarter. Meixler Investment Management Ltd. now owns 43,777 shares of the company’s stock valued at $360,000 after acquiring an additional 14,024 shares during the last quarter. Ping Capital Management Inc. purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth approximately $773,000. Finally, Herr Investment Group LLC bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth approximately $821,000. 12.90% of the stock is currently owned by institutional investors.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.