Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.76 and traded as high as $12.10. Cresud S.A.C.I.F. y A. shares last traded at $11.49, with a volume of 241,003 shares.

Wall Street Analyst Weigh In

CRESY has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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

The firm has a market capitalization of $725.94 million, a price-to-earnings ratio of 5.04 and a beta of 0.97. The company’s 50 day moving average is $10.85 and its 200 day moving average is $10.75. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.42 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 18.98% and a return on equity of 8.12%. The business had revenue of $239.85 million during the quarter.

Cresud S.A.C.I.F. y A. Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be paid a $0.6293 dividend. This represents a dividend yield of 531.0%. The ex-dividend date is Friday, November 28th. Cresud S.A.C.I.F. y A.’s payout ratio is 26.75%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at $25,000. Bank of America Corp DE raised its stake in Cresud S.A.C.I.F. y A. by 464.8% in the fourth 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Cresud S.A.C.I.F. y A. in the second quarter valued at about $124,000. PharVision Advisers LLC bought a new stake in Cresud S.A.C.I.F. y A. during the third quarter worth about $135,000. Finally, Virtu Financial LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the third quarter worth about $144,000. Institutional investors own 12.90% of the company’s stock.

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

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.