Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Gap Down – Time to Sell?

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) gapped down prior to trading on Friday . The stock had previously closed at $12.49, but opened at $11.90. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $12.07, with a volume of 81,171 shares trading hands.

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 firm has a fifty day moving average of $11.13 and a 200 day moving average of $9.26. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $732.14 million, a P/E ratio of -9.27 and a beta of 1.16.

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

The business also recently declared a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were paid a $0.6096 dividend. The ex-dividend date was Monday, December 2nd. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s payout ratio is currently -44.70%.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds have recently added to or reduced their stakes in the stock. Meixler Investment Management Ltd. grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 47.1% during the 2nd quarter. Meixler Investment Management Ltd. now owns 43,777 shares of the company’s stock valued at $360,000 after purchasing an additional 14,024 shares during the period. Ping Capital Management Inc. bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at approximately $773,000. Anson Capital Inc. bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth approximately $97,000. Herr Investment Group LLC purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth $821,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth $884,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

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.