Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.19 and traded as high as $11.41. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $11.27, with a volume of 335,407 shares traded.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Down 5.3 %

The firm's fifty day simple moving average is $11.07 and its two-hundred day simple moving average is $11.23. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $573.59 million, a price-to-earnings ratio of -8.78 and a beta of 0.91.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported ($0.32) EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative net margin of 5.78% and a negative return on equity of 2.40%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 111.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company's stock valued at $11,977,000 after acquiring an additional 499,295 shares in the last quarter. 683 Capital Management LLC boosted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 5.2% in the fourth quarter. 683 Capital Management LLC now owns 885,000 shares of the company's stock valued at $11,178,000 after purchasing an additional 44,000 shares during the period. Glenorchy Capital Ltd grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 24.2% in the fourth quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company's stock valued at $4,435,000 after purchasing an additional 68,442 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company's stock worth $1,421,000 after buying an additional 55,900 shares during the period. Finally, Systrade AG acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 4th quarter worth approximately $1,848,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

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.