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 research note published on Wednesday, BidAskClub reports.

Cresud S.A.C.I.F. y A. stock opened at $5.98 on Wednesday. Cresud S.A.C.I.F. y A. has a 1-year low of $5.75 and a 1-year high of $15.62. 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 firm has a 50 day simple moving average of $9.51 and a 200 day simple moving average of $10.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($1.14) earnings per share for the quarter. The company had revenue of $497.22 million for the quarter.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in Cresud S.A.C.I.F. y A. by 17.9% during the 4th quarter. Northern Trust Corp now owns 56,635 shares of the company’s stock valued at $688,000 after purchasing an additional 8,604 shares during the last quarter. Legal & General Group Plc boosted its stake in Cresud S.A.C.I.F. y A. by 231.4% during the 4th quarter. Legal & General Group Plc now owns 25,756 shares of the company’s stock valued at $313,000 after purchasing an additional 17,984 shares during the last quarter. Millennium Management LLC acquired a new position in Cresud S.A.C.I.F. y A. during the 4th quarter valued at about $159,000. Sheaff Brock Investment Advisors LLC acquired a new position in Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $116,000. Finally, Freestone Capital Holdings LLC acquired a new position in Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $221,000. Institutional investors and hedge funds own 30.24% of the company’s stock.

About Cresud S.A.C.I.F. y A.

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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