Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Downgraded by BidaskClub

BidaskClub cut shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a sell rating to a strong sell rating in a report released on Wednesday, BidAskClub reports.

NASDAQ:CRESY opened at $5.98 on Wednesday. Cresud S.A.C.I.F. y A. has a 12 month low of $5.75 and a 12 month high of $15.62. The stock has a 50 day moving average of $9.51 and a two-hundred day moving average of $10.73. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Wednesday, June 5th. The company reported ($1.14) EPS for the quarter. The business had revenue of $497.22 million during the quarter.

A number of large investors have recently bought and sold shares of the business. Paloma Partners Management Co increased its stake in Cresud S.A.C.I.F. y A. by 61.6% during the 2nd quarter. Paloma Partners Management Co now owns 16,259 shares of the company’s stock worth $170,000 after buying an additional 6,200 shares in the last quarter. Northern Trust Corp increased its stake in Cresud S.A.C.I.F. y A. by 17.9% during the 4th quarter. Northern Trust Corp now owns 56,635 shares of the company’s stock worth $688,000 after buying an additional 8,604 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter worth approximately $116,000. A.R.T. Advisors LLC purchased a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $110,000. Finally, Vanguard Group Inc. purchased a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $120,000. Institutional investors own 30.24% of the company’s stock.

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

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of cattle for sale to slaughterhouses and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.

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