Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) rose 6.1% during mid-day trading on Wednesday . The stock traded as high as $5.75 and last traded at $5.72, approximately 179,700 shares were traded during trading. An increase of 11% from the average daily volume of 161,995 shares. The stock had previously closed at $5.39.
CRESY has been the subject of several analyst reports. BidaskClub raised shares of Cresud S.A.C.I.F. y A. from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet downgraded shares of Cresud S.A.C.I.F. y A. from a “c” rating to a “d-” rating in a report on Tuesday, November 19th.
The firm’s fifty day moving average is $4.98 and its 200-day moving average is $7.62. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 3.12.
About Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)
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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