Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Gap Down – Here’s Why

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $11.30, but opened at $10.94. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $11.04, with a volume of 129,800 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

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

The stock’s 50-day simple moving average is $12.72 and its 200 day simple moving average is $10.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.85 and a current ratio of 1.09. The company has a market capitalization of $656.72 million, a PE ratio of -8.25 and a beta of 1.11.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative net margin of 7.06% and a negative return on equity of 2.46%.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, December 2nd were paid a dividend of $0.6096 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is currently -44.70%.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Large investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock worth $1,421,000 after purchasing an additional 55,900 shares during the period. Ping Capital Management Inc. boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 26.3% during the 4th quarter. Ping Capital Management Inc. now owns 145,300 shares of the company’s stock worth $1,835,000 after purchasing an additional 30,300 shares during the period. Crocodile Capital Partners GmbH acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter worth $1,010,000. Systrade AG acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter worth $1,848,000. Finally, GAMMA Investing LLC lifted its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% in the 4th quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock worth $81,000 after acquiring an additional 4,545 shares during the period. Institutional investors and hedge funds own 12.90% of the company’s stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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.