Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) rose 5.4% during trading on Friday . The stock traded as high as $13.59 and last traded at $13.44. Approximately 78,961 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 217,300 shares. The stock had previously closed at $12.75.
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 report on Tuesday, November 12th.
Get Our Latest Stock Analysis on CRESY
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 4.2 %
The stock's fifty day moving average price is $12.76 and its 200 day moving average price is $10.08. The stock has a market capitalization of $801.57 million, a P/E ratio of -10.07 and a beta of 1.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.85.
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported ($0.71) earnings per share (EPS) for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.46% and a negative net margin of 7.06%. The business had revenue of $240.86 million for the quarter.
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend
The firm also recently declared a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were given a dividend of $0.6096 per share. The ex-dividend date 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 dividend payout ratio is presently -44.70%.
Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria
Large investors have recently bought and sold shares of the stock. Glenorchy Capital Ltd lifted its stake in 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 acquiring an additional 68,606 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of 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 purchasing an additional 55,900 shares during the last quarter. Systrade AG purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter valued at approximately $1,848,000. Crocodile Capital Partners GmbH acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at $1,010,000. Finally, Meixler Investment Management Ltd. raised its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the third quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company's stock valued at $412,000 after buying an additional 3,893 shares during the last quarter. Hedge funds and other institutional investors own 12.90% of the company's stock.
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile
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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.
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