Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) from a hold rating to a sell rating in a research note released on Tuesday morning.

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

Shares of CRESY opened at $10.81 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $9.26 and its two-hundred day simple moving average is $8.76. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 12 month low of $6.56 and a 12 month high of $11.33. The stock has a market capitalization of $647.09 million, a P/E ratio of -8.15 and a beta of 1.10.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its quarterly earnings data on Thursday, September 5th. The company reported $1.00 earnings per share (EPS) for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.22% and a negative net margin of 7.06%. The company had revenue of $294.43 million for the quarter.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. increased its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% during the 3rd quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock valued at $412,000 after purchasing an additional 3,893 shares in the last quarter. 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 valued at $2,443,000 after buying an additional 68,606 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth about $216,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth about $884,000. Finally, Herr Investment Group LLC acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter worth about $821,000. 12.90% of the stock is owned by institutional investors.

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.