Grupo Supervielle (NYSE:SUPV) Trading Down 6.6% – Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV) dropped 6.6% during trading on Friday . The stock traded as low as $5.90 and last traded at $5.92. Approximately 923,610 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 1,429,231 shares. The stock had previously closed at $6.34.

Analyst Upgrades and Downgrades

SUPV has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Supervielle in a report on Wednesday. Citigroup lowered shares of Grupo Supervielle from a “buy” rating to a “neutral” rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.00.

Grupo Supervielle Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $7.43 and its 200-day moving average is $10.85. The company has a market capitalization of $506.83 million, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 11.58 and a beta of 1.56.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). The business had revenue of $210.52 million during the quarter, compared to the consensus estimate of $283.67 billion. Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%. Equities analysts anticipate that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

Institutional investors and hedge funds have recently bought and sold shares of the company. Sparta 24 Ltd. bought a new stake in Grupo Supervielle during the 2nd quarter valued at about $27,000. GAMMA Investing LLC increased its stake in Grupo Supervielle by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company’s stock valued at $104,000 after purchasing an additional 737 shares in the last quarter. Cetera Investment Advisers bought a new stake in Grupo Supervielle during the 1st quarter valued at about $268,000. Itau Unibanco Holding S.A. bought a new stake in Grupo Supervielle during the 1st quarter valued at about $357,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Grupo Supervielle by 197.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company’s stock valued at $405,000 after purchasing an additional 25,340 shares in the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.