Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Up 7%
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shot up 7% during trading on Wednesday . The stock traded as high as $10.81 and last traded at $10.70. 305,500 shares traded hands during trading, an increase of 175% from the average session volume of 111,234 shares. The stock had previously closed at $10.00.
Separately, BidaskClub upgraded Cresud S.A.C.I.F. y A. from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th.
The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.58.
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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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