Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 1-Year Low – Should You Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) hit a new 52-week low during trading on Monday . The company traded as low as $0.0308 and last traded at $10.42, with a volume of 298 shares changing hands. The stock had previously closed at $10.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07. The company has a market cap of $677.29 million, a price-to-earnings ratio of 4.83 and a beta of 0.71. The firm has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $11.80.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $999.00 EPS for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.17% and a net margin of 17.44%.

Insider Activity

In related news, Director Alejandro Gustavo Elsztain purchased 4,458 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was acquired at an average cost of $11.20 per share, for a total transaction of $49,929.60. Following the completion of the transaction, the director directly owned 1,207,564 shares in the company, valued at approximately $13,524,716.80. The trade was a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eduardo S. Elsztain purchased 8,823 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $10.67 per share, with a total value of $94,141.41. Following the completion of the transaction, the director owned 9,854,101 shares of the company’s stock, valued at approximately $105,143,257.67. The trade was a 0.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 85,251 shares of company stock worth $913,621. 36.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Van ECK Associates Corp boosted its position in shares of Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after buying an additional 2,957 shares during the period. Bank of America Corp DE boosted its position in shares of Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after buying an additional 6,679 shares during the period. Salzhauer Michael acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the fourth quarter valued at $126,000. Finally, Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at $127,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

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

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.