Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 1-Year Low – Should You Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $0.0308 and last traded at $11.10, with a volume of 202100 shares. The stock had previously closed at $11.10.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRESY shares. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Price Performance

The business has a 50-day moving average price of $11.73 and a 200 day moving average price of $11.89. The company has a market cap of $701.30 million, a price-to-earnings ratio of 3.75 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.35 EPS for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.The company had revenue of $211.85 million during the quarter.

Insider Activity at Cresud S.A.C.I.F. y A.

In related news, Director Alejandro Gustavo Elsztain acquired 4,458 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was bought at an average price of $11.20 per share, for a total transaction of $49,929.60. Following the transaction, the director owned 1,207,564 shares of the company’s stock, valued at approximately $13,524,716.80. The trade was a 0.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 36.20% of the company’s stock.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at $25,000. Van ECK Associates Corp raised its stake in Cresud S.A.C.I.F. y A. by 103.9% during the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after purchasing an additional 2,957 shares during the period. Bank of America Corp DE raised its stake in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after purchasing an additional 6,679 shares during the period. Acuitas Investments LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter valued at $127,000. Finally, Salzhauer Michael acquired a new stake in Cresud S.A.C.I.F. y A. during the 4th quarter valued at $126,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Cresud S.A.C.I.F. y A. Company Profile

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.