Grupo Supervielle (NYSE:SUPV) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.85 and traded as low as $9.34. Grupo Supervielle shares last traded at $9.3880, with a volume of 566,086 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a research note on Wednesday, July 15th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group lowered their target price on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Grupo Supervielle presently has an average rating of “Hold” and a consensus target price of $13.17.

Grupo Supervielle Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $782.70 million, a P/E ratio of -15.15 and a beta of 1.60. The company’s 50 day moving average price is $9.85 and its 200 day moving average price is $9.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SUPV. Wells Fargo & Company MN acquired a new position in shares of Grupo Supervielle during the fourth quarter valued at $55,000. Van ECK Associates Corp raised its holdings in Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after purchasing an additional 4,666 shares during the last quarter. Banco BTG Pactual S.A. bought a new stake in Grupo Supervielle during the 4th quarter worth about $211,000. Schonfeld Strategic Advisors LLC acquired a new position in Grupo Supervielle during the 3rd quarter valued at about $91,000. Finally, Bank of America Corp DE boosted its stake in shares of Grupo Supervielle by 285.5% in the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after purchasing an additional 14,365 shares during the last quarter.

About Grupo Supervielle

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.