Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) rose 6.1% during trading on Thursday . The stock traded as high as $6.35 and last traded at $6.29, approximately 343,000 shares traded hands during trading. An increase of 169% from the average daily volume of 127,361 shares. The stock had previously closed at $5.93.
Separately, BidaskClub downgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th.
The company’s 50-day moving average is $10.20 and its 200 day moving average is $10.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.69.
A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $283,000. Paloma Partners Management Co raised its position in shares of Cresud S.A.C.I.F. y A. by 61.6% during the 2nd quarter. Paloma Partners Management Co now owns 16,259 shares of the company’s stock worth $170,000 after acquiring an additional 6,200 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $120,000. A.R.T. Advisors LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $110,000. Finally, BlackRock Inc. raised its position in shares of Cresud S.A.C.I.F. y A. by 112.3% during the 2nd quarter. BlackRock Inc. now owns 322,491 shares of the company’s stock worth $3,379,000 after acquiring an additional 170,590 shares in the last quarter. 31.12% of the stock is currently owned by institutional investors.
Cresud S.A.C.I.F. y A. Company Profile (NASDAQ:CRESY)
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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