Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Price Down 3.1% - Should You Sell?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report)'s share price traded down 3.1% on Wednesday . The company traded as low as $12.80 and last traded at $12.80. 108,022 shares were traded during mid-day trading, a decline of 55% from the average session volume of 239,981 shares. The stock had previously closed at $13.21.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "hold" rating to a "sell" rating in a research note on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

The company has a 50-day moving average of $12.45 and a 200 day moving average of $9.86. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $766.81 million, a PE ratio of -9.70 and a beta of 1.16.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.6096 per share. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's previous dividend of $0.38. The ex-dividend date of this dividend was Monday, December 2nd. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's dividend payout ratio is presently -44.70%.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds have recently bought and sold shares of the business. Herr Investment Group LLC acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth $821,000. B. Riley Wealth Advisors Inc. acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth about $884,000. Truist Financial Corp acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth about $216,000. Glenorchy Capital Ltd raised its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% during the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company's stock worth $2,443,000 after purchasing an additional 68,606 shares during the period. Finally, Meixler Investment Management Ltd. boosted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the 3rd quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company's stock valued at $412,000 after purchasing an additional 3,893 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company's stock.

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.