Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $10.93. Cresud S.A.C.I.F. y A. shares last traded at $10.90, with a volume of 314,422 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on CRESY shares. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Up 0.9%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The business’s 50 day simple moving average is $11.26. The firm has a market cap of $688.71 million, a PE ratio of 4.91 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%. The company had revenue of $182.78 million for the quarter.

Insider Buying and Selling

In related news, Director Fernando Adrian Elsztain sold 70,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00. Following the sale, the director owned 685,121 shares in the company, valued at $863,252.46. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eduardo S. Elsztain bought 8,823 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $10.67 per share, with a total value of $94,141.41. Following the completion of the purchase, the director owned 9,854,101 shares of the company’s stock, valued at $105,143,257.67. This trade represents a 0.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 85,618 shares of company stock worth $912,781 and have sold 109,385 shares worth $133,417. 36.20% of the stock is owned by company insiders.

Institutional Trading of Cresud S.A.C.I.F. y A.

Several hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Cresud S.A.C.I.F. y A. during the 2nd quarter worth $25,000. Van ECK Associates Corp lifted its stake in Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after buying an additional 2,957 shares during the last quarter. Bank of America Corp DE lifted its stake in Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares during the last quarter. Salzhauer Michael bought a new stake in Cresud S.A.C.I.F. y A. in the fourth quarter valued at $126,000. Finally, Acuitas Investments LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter valued at $127,000. Institutional investors own 12.90% of the company’s stock.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.