Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.58 and traded as high as $14.09. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $13.51, with a volume of 280,711 shares.

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 report on Tuesday, November 12th.

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

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’s 50 day moving average price is $11.87 and its 200-day moving average price is $9.58. The company has a market cap of $814.84 million, a price-to-earnings ratio of -10.23 and a beta of 1.13.

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

The business also recently declared a dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, December 2nd were issued a $0.6096 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost 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 is currently -44.70%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Glenorchy Capital Ltd raised its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% during the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock valued at $2,443,000 after acquiring an additional 68,606 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock valued at $1,421,000 after purchasing an additional 55,900 shares during the period. Herr Investment Group LLC purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at $821,000. Ping Capital Management Inc. acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth $773,000. Finally, Meixler Investment Management Ltd. grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% during the third quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock valued at $412,000 after buying an additional 3,893 shares in the last quarter. 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.