Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.02 and traded as high as $11.15. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $11.11, with a volume of 204,023 shares.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $670.09 million, a P/E ratio of -10.29 and a beta of 1.11. The company’s 50-day simple moving average is $11.55 and its 200 day simple moving average is $11.04.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.40% and a negative net margin of 5.78%.

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 company. Meixler Investment Management Ltd. lifted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 4.3% in the fourth quarter. Meixler Investment Management Ltd. now owns 49,741 shares of the company’s stock worth $628,000 after buying an additional 2,071 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at $38,000. GAMMA Investing LLC raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% in the 4th quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock valued at $81,000 after buying an additional 4,545 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after purchasing an additional 6,679 shares during the last quarter. Finally, Ping Capital Management Inc. grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 26.3% in the 4th quarter. Ping Capital Management Inc. now owns 145,300 shares of the company’s stock worth $1,835,000 after purchasing an additional 30,300 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.