Grupo Supervielle (NYSE:SUPV) Sets New 12-Month Low - Here's Why

Key Points

• Grupo Supervielle's stock hit a new 52-week low of $6.36, down from a previous close of $8.01, with a trading volume of 111,724 shares.
• Despite a recent analyst upgrade from "sell" to "hold" by Wall Street Zen, the stock has a current consensus rating of "Moderate Buy" with an average target price of $17.00.
• Grupo Supervielle reported Q2 earnings of $0.14 EPS, falling short of the $0.22 estimate, and revenues significantly missed expectations at $210.52 million.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $6.60 and last traded at $6.36, with a volume of 111724 shares trading hands. The stock had previously closed at $8.01.

Wall Street Analysts Forecast Growth

SUPV has been the subject of several recent research reports. Wall Street Zen raised shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup cut shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.00.

Grupo Supervielle Trading Down 7.6%

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The business's fifty day simple moving average is $9.33 and its two-hundred day simple moving average is $12.01. The company has a market cap of $484.26 million, a price-to-earnings ratio of 8.29, a PEG ratio of 8.89 and a beta of 1.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%.The company had revenue of $210.52 million for the quarter, compared to analyst estimates of $283.67 billion. On average, equities analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors have recently modified their holdings of the business. Sparta 24 Ltd. acquired a new position in shares of Grupo Supervielle in the 2nd quarter valued at $27,000. GAMMA Investing LLC increased its holdings in shares of Grupo Supervielle by 10.2% in the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock valued at $104,000 after acquiring an additional 737 shares during the period. Cetera Investment Advisers acquired a new position in shares of Grupo Supervielle in the 1st quarter valued at $268,000. Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Supervielle in the 1st quarter valued at $357,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Grupo Supervielle by 197.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company's stock valued at $405,000 after acquiring an additional 25,340 shares during the period.

About Grupo Supervielle

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.