Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a sell rating to a strong sell rating in a report published on Wednesday morning, BidAskClub reports.

Shares of Cresud S.A.C.I.F. y A. stock opened at $5.98 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $9.51 and a two-hundred day moving average price of $10.73. Cresud S.A.C.I.F. y A. has a 1-year low of $5.75 and a 1-year high of $15.62.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Wednesday, June 5th. The company reported ($1.14) EPS for the quarter. The firm had revenue of $497.22 million during the quarter.



Several institutional investors and hedge funds have recently modified their holdings of the company. Paloma Partners Management Co lifted its position in Cresud S.A.C.I.F. y A. by 61.6% in the 2nd quarter. Paloma Partners Management Co now owns 16,259 shares of the company’s stock valued at $170,000 after acquiring an additional 6,200 shares in the last quarter. Northern Trust Corp lifted its position in Cresud S.A.C.I.F. y A. by 17.9% in the 4th quarter. Northern Trust Corp now owns 56,635 shares of the company’s stock valued at $688,000 after acquiring an additional 8,604 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in Cresud S.A.C.I.F. y A. in the 1st quarter valued at about $116,000. A.R.T. Advisors LLC bought a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $110,000. Finally, Vanguard Group Inc. bought a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $120,000. Institutional investors own 30.24% 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, 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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