Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price was up 6.1% on Wednesday . The company traded as high as $5.75 and last traded at $5.72, approximately 179,700 shares were traded during trading. An increase of 11% from the average daily volume of 161,995 shares. The stock had previously closed at $5.39.
A number of equities analysts have commented on CRESY shares. BidaskClub upgraded shares of Cresud S.A.C.I.F. y A. from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet lowered shares of Cresud S.A.C.I.F. y A. from a “c” rating to a “d-” rating in a report on Tuesday, November 19th.
The business’s 50 day moving average price is $4.98 and its 200-day moving average price is $7.62. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.71 and a quick ratio of 1.62.
Several large investors have recently modified their holdings of the stock. Barclays PLC lifted its position in Cresud S.A.C.I.F. y A. by 66.7% in the 3rd quarter. Barclays PLC now owns 33,261 shares of the company’s stock worth $197,000 after buying an additional 13,311 shares in the last quarter. State Street Corp increased its stake in shares of Cresud S.A.C.I.F. y A. by 190.0% during the 3rd quarter. State Street Corp now owns 226,200 shares of the company’s stock worth $1,337,000 after purchasing an additional 148,200 shares during the last quarter. Banco Santander S.A. acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter worth $1,703,000. Sheaff Brock Investment Advisors LLC increased its stake in shares of Cresud S.A.C.I.F. y A. by 25.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 25,000 shares of the company’s stock worth $148,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth $283,000. Institutional investors and hedge funds own 22.32% of the company’s stock.
Cresud S.A.C.I.F. y A. Company Profile (NASDAQ:CRESY)
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of cattle for sale to slaughterhouses and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.
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