Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading Up 5.4% – What’s Next?

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) traded up 5.4% on Friday . The company traded as high as $13.59 and last traded at $13.44. 78,961 shares were traded during mid-day trading, a decline of 64% from the average session 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 research note on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 3.8 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.85 and a current ratio of 1.09. The company has a market capitalization of $797.84 million, a price-to-earnings ratio of -9.97 and a beta of 1.13. The business’s 50 day moving average price is $12.68 and its two-hundred day moving average price is $10.01.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its earnings results on Friday, November 8th. The company reported ($0.71) earnings per share 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 firm had revenue of $240.86 million during 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 issued a dividend of $0.6096 per share. 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 dividend payout ratio (DPR) is currently -44.70%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock worth $1,421,000 after acquiring an additional 55,900 shares during the period. Glenorchy Capital Ltd increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% in the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock worth $2,443,000 after purchasing an additional 68,606 shares during the period. Systrade AG acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 4th quarter worth about $1,848,000. GAMMA Investing LLC boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% during the 4th quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock valued at $81,000 after purchasing an additional 4,545 shares during the period. Finally, Truist Financial Corp acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at approximately $216,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

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.