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) gapped down prior to trading 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.

Analysts Set New Price Targets

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 Down 1.3 %

The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The stock has a market cap of $651.35 million, a P/E ratio of -10.00 and a beta of 1.11. The company’s 50 day moving average price is $12.60 and its two-hundred day moving average price is $10.61.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last released its quarterly earnings data on Monday, February 10th. The company reported ($0.32) EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.40% and a negative net margin of 5.78%.

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

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