Cresud Stock Gaps Up On Today's Open (CRESY)

NEW YORK ( TheStreet) -- Shares of Cresud (Nasdaq: CRESY) were gapping up Monday morning with an open price 10.9% higher than Friday's closing price. The stock closed at $11.72 Friday and opened today's trading at $13.

The average volume for Cresud has been 168,000 shares per day over the past 30 days. Cresud has a market cap of $639.6 million and is part of the consumer goods sector and food & beverage industry. Shares are up 4.4% year to date as of the close of trading on Friday.

Cresud Sociedad Anonima Comercial Inmobiliaria Financiera Y Agropecuaria engages in the production of basic agricultural commodities in Brazil and other Latin American countries. The company has a P/E ratio of 13.2, below the average food & beverage industry P/E ratio of 41.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cresud as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Cresud Ratings Report.

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