Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Reaches New 52-Week High – Time to Buy?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.02 and last traded at $13.01, with a volume of 263622 shares. The stock had previously closed at $12.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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 business has a 50-day simple moving average of $9.62 and a 200 day simple moving average of $8.82. The stock has a market cap of $750.64 million, a P/E ratio of -9.86 and a beta of 1.10. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last released its quarterly earnings results on Thursday, September 5th. The company reported $1.00 EPS for 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%. The firm had revenue of $294.43 million for the quarter.

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

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd will be paid a $0.6096 dividend. This is an increase from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. The ex-dividend date is Monday, December 2nd. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s payout ratio is currently -27.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Anson Capital Inc. purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth approximately $97,000. Truist Financial Corp purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth approximately $216,000. Meixler Investment Management Ltd. raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 47.1% in the second quarter. Meixler Investment Management Ltd. now owns 43,777 shares of the company’s stock worth $360,000 after purchasing an additional 14,024 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% in the first 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 during the last quarter. Finally, Ping Capital Management Inc. purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth approximately $773,000. 12.90% of the stock is owned by institutional investors and hedge funds.

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.