Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Gap Down - Time to Sell?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $12.49, but opened at $11.90. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $12.07, with a volume of 81,171 shares traded.

Analyst Ratings Changes

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 2.1 %

The stock has a 50 day moving average of $11.08 and a 200 day moving average of $9.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.85. The firm has a market cap of $732.14 million, a P/E ratio of -9.27 and a beta of 1.16.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, December 2nd were paid a $0.6096 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's payout ratio is currently -44.70%.

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

A number of large investors have recently bought and sold shares of CRESY. B. Riley Wealth Advisors Inc. raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company's stock valued at $1,421,000 after acquiring an additional 55,900 shares during the last quarter. Meixler Investment Management Ltd. raised its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% during 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. Glenorchy Capital Ltd lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% in the 3rd quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company's stock worth $2,443,000 after buying an additional 68,606 shares during the period. Truist Financial Corp bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth approximately $216,000. Finally, Herr Investment Group LLC purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at approximately $821,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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.