Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Sets New 1-Year High at $10.14

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)’s share price hit a new 52-week high on Monday . The stock traded as high as $10.14 and last traded at $10.12, with a volume of 280059 shares traded. The stock had previously closed at $8.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

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

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.86 and a current ratio of 1.10. The stock has a market capitalization of $577.96 million, a PE ratio of 2.15 and a beta of 1.04. The firm’s 50 day moving average is $7.32 and its two-hundred day moving average is $7.36.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced its quarterly earnings data on Thursday, September 7th. The company reported $1.62 earnings per share (EPS) for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 14.19% and a net margin of 33.57%. The business had revenue of $346.58 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 3rd quarter worth $30,000. UBS Group AG increased its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 879.6% during the third quarter. UBS Group AG now owns 5,613 shares of the company’s stock worth $31,000 after purchasing an additional 5,040 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter worth about $66,000. Virtu Financial LLC purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at about $53,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 1st quarter valued at about $118,000. Hedge funds and other institutional investors own 10.58% 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.