Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Passes Above 200 Day Moving Average - What's Next?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.37 and traded as high as $13.06. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $12.96, with a volume of 147,794 shares trading hands.

Analysts Set New Price Targets

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Up 0.2 %

The stock has a 50-day moving average of $11.48 and a 200-day moving average of $9.41. 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 $775.84 million, a price-to-earnings ratio of -9.82 and a beta of 1.16.

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

The company also recently disclosed a dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, December 2nd were paid a $0.6096 dividend. This is a boost 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 (DPR) is -44.70%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Glenorchy Capital Ltd grew its stake in shares of 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 buying an additional 68,606 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company's stock valued at $1,421,000 after buying an additional 55,900 shares during the period. Herr Investment Group LLC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at approximately $821,000. Ping Capital Management Inc. acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth approximately $773,000. Finally, Meixler Investment Management Ltd. grew its holdings 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 worth $412,000 after acquiring an additional 3,893 shares during the last quarter. Institutional investors 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.