Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Down 3.6% – Here’s What Happened

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shares fell 3.6% on Wednesday . The company traded as low as $8.94 and last traded at $9.00. 139,365 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 172,919 shares. The stock had previously closed at $9.34.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 1.2 %

The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.34. The stock has a market cap of $531.08 million, a P/E ratio of 4.63 and a beta of 1.10. The business’s fifty day simple moving average is $8.60 and its 200 day simple moving average is $8.71.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its quarterly earnings data on Thursday, September 5th. The company reported $1.00 EPS for the quarter. The firm had revenue of $294.43 million for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 3.90% and a net margin of 11.64%.

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

Several large investors have recently modified their holdings of the business. Quadrature Capital Ltd boosted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% during the fourth quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock worth $1,020,000 after purchasing an additional 50,923 shares during the last quarter. Helikon Investments Ltd grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 13.6% in the 1st quarter. Helikon Investments Ltd now owns 637,624 shares of the company’s stock valued at $5,694,000 after acquiring an additional 76,113 shares in the last quarter. Deuterium Capital Management LLC acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the first quarter valued at about $92,000. Meixler Investment Management Ltd. raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% during the first quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock worth $266,000 after acquiring an additional 11,483 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% in the first quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock valued at $419,000 after purchasing an additional 14,652 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors.

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.