Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Posts Earnings Results

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) released its quarterly earnings results on Monday. The company reported ($0.32) earnings per share (EPS) for the quarter, Zacks reports. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.46% and a negative net margin of 7.06%.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 2.2 %

Shares of NASDAQ CRESY traded up $0.24 during midday trading on Wednesday, hitting $11.43. The stock had a trading volume of 50,674 shares, compared to its average volume of 212,613. The company has a fifty day moving average price of $12.92 and a 200 day moving average price of $10.45. The company has a market capitalization of $689.40 million, a price-to-earnings ratio of -8.67 and a beta of 1.11. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 1-year low of $6.56 and a 1-year high of $14.23. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.6096 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is currently -44.70%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.