Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a hold rating to a sell rating in a report released on Saturday morning, BidAskClub reports.

Separately, TheStreet lowered shares of Cresud S.A.C.I.F. y A. from a c rating to a d- rating in a report on Tuesday, November 19th.

Shares of CRESY opened at $6.10 on Friday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.42 and a current ratio of 1.49. Cresud S.A.C.I.F. y A. has a fifty-two week low of $4.06 and a fifty-two week high of $14.00. The firm has a 50 day moving average price of $6.26 and a 200-day moving average price of $6.87.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Monday, November 11th. The company reported ($2.64) earnings per share for the quarter. The business had revenue of $504.32 million during the quarter. Cresud S.A.C.I.F. y A. had a negative return on equity of 47.33% and a negative net margin of 32.79%.

Several large investors have recently added to or reduced their stakes in CRESY. Public Employees Retirement System of Ohio purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth about $171,000. Northern Trust Corp grew its position in shares of Cresud S.A.C.I.F. y A. by 48.0% in the 2nd quarter. Northern Trust Corp now owns 83,958 shares of the company’s stock worth $879,000 after buying an additional 27,224 shares during the period. BlackRock Inc. boosted its stake in Cresud S.A.C.I.F. y A. by 112.3% in the 2nd quarter. BlackRock Inc. now owns 322,491 shares of the company’s stock worth $3,379,000 after purchasing an additional 170,590 shares in the last quarter. A.R.T. Advisors LLC bought a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter worth about $110,000. Finally, Vanguard Group Inc. bought a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter worth about $120,000. 22.32% of the stock is currently owned by hedge funds and other institutional investors.

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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