Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading 4.4% Higher – Time to Buy?

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) traded up 4.4% during mid-day trading on Tuesday . The stock traded as high as $9.78 and last traded at $9.73. 103,723 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 171,374 shares. The stock had previously closed at $9.32.

Analyst Ratings Changes

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 3.4 %

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 firm has a market capitalization of $572.03 million, a P/E ratio of 4.83 and a beta of 1.10. The business has a 50 day moving average of $8.75 and a 200-day moving average of $8.69.

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

Hedge Funds Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of large investors have recently modified their holdings of CRESY. Deuterium Capital Management LLC bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter worth $92,000. Meixler Investment Management Ltd. raised its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% in the 1st quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock valued at $266,000 after purchasing an additional 11,483 shares during the period. Anson Capital Inc. acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at about $97,000. Russell Investments Group Ltd. grew its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% during the first quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock worth $419,000 after purchasing an additional 14,652 shares during the period. Finally, Truist Financial Corp acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth approximately $216,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.