Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Pass Above 200-Day Moving Average of $8.60

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.60 and traded as high as $9.16. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $9.04, with a volume of 105,428 shares.

Analyst Upgrades and Downgrades

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Down 1.3 %

The stock has a 50 day moving average of $8.02 and a 200-day moving average of $8.60. The firm has a market capitalization of $536.42 million, a P/E ratio of 4.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 1.08.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deuterium Capital Management LLC bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter valued at about $92,000. Anson Capital Inc. bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at about $97,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at about $104,000. Truist Financial Corp bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at about $216,000. Finally, Meixler Investment Management Ltd. grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% during the first quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock worth $266,000 after purchasing an additional 11,483 shares in the last quarter. 12.90% of the stock is currently 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.