Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Pass Above 200-Day Moving Average – Time to Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.69 and traded as high as $12.48. Cresud S.A.C.I.F. y A. shares last traded at $12.10, with a volume of 489,289 shares changing hands.

Wall Street Analysts Forecast Growth

CRESY has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.24 and a quick ratio of 0.93. The company’s 50-day simple moving average is $9.64 and its 200-day simple moving average is $10.69. The company has a market cap of $743.06 million, a price-to-earnings ratio of 10.52 and a beta of 1.01.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Thursday, September 4th. The company reported $1.00 EPS for the quarter. The business had revenue of $198.10 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.57% and a return on equity of 4.65%.

Institutional Trading of Cresud S.A.C.I.F. y A.

Several large investors have recently modified their holdings of CRESY. Comprehensive Money Management Services LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 1.4% during the second quarter. Comprehensive Money Management Services LLC now owns 84,066 shares of the company’s stock worth $905,000 after acquiring an additional 1,124 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter valued at approximately $25,000. Meixler Investment Management Ltd. increased its holdings in Cresud S.A.C.I.F. y A. by 9.0% during the 2nd quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company’s stock worth $577,000 after purchasing an additional 4,446 shares during the last quarter. Ridgewood Investments LLC raised its position in shares of Cresud S.A.C.I.F. y A. by 920.0% in the 1st quarter. Ridgewood Investments LLC now owns 5,100 shares of the company’s stock valued at $56,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after purchasing an additional 6,679 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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