Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.71 and traded as high as $9.67. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $9.65, with a volume of 149,897 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

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

The company has a market cap of $577.65 million, a price-to-earnings ratio of 7.37 and a beta of 1.10. The company has a fifty day simple moving average of $8.95 and a two-hundred day simple moving average of $8.71. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.30.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last posted its earnings results on Thursday, September 5th. The company reported $1.00 earnings per share for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 11.64% and a return on equity of 3.78%. The firm had revenue of $294.43 million during the quarter.

Hedge Funds Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds have recently bought and sold shares of the stock. Glenorchy Capital Ltd grew 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 worth $2,443,000 after buying an additional 68,606 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at $884,000. Herr Investment Group LLC acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at $821,000. Ping Capital Management Inc. purchased a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth $773,000. Finally, Meixler Investment Management Ltd. boosted 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 worth $412,000 after purchasing an additional 3,893 shares during the last quarter. Hedge funds and other institutional investors own 12.90% of the company’s stock.

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.