Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading Up 3.4% - Still a Buy?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report)'s share price shot up 3.4% during trading on Friday . The stock traded as high as $11.32 and last traded at $11.22. 141,688 shares traded hands during trading, a decline of 20% from the average session volume of 176,821 shares. The stock had previously closed at $10.85.

Analyst Upgrades and Downgrades

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Down 0.4 %

The firm's 50-day moving average is $9.31 and its two-hundred day moving average is $8.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market cap of $647.09 million, a P/E ratio of -8.19 and a beta of 1.10.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported $1.00 earnings per share for the quarter. The firm had revenue of $294.43 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.22% and a negative net margin of 7.06%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Herr Investment Group LLC acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth $821,000. Glenorchy Capital Ltd lifted its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% during the 3rd quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company's stock valued at $2,443,000 after purchasing an additional 68,606 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at approximately $884,000. Ping Capital Management Inc. acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at approximately $773,000. Finally, Russell Investments Group Ltd. increased its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% during the 1st 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 in the last quarter. 12.90% of the stock is owned by 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.