Grupo Supervielle (NYSE:SUPV) Reaches New 52-Week Low - Here's What Happened

Key Points

• Grupo Supervielle shares fell 4.6%, reaching a new 52-week low of $6.55 before last trading at $6.711, compared with a prior close of $6.97.
• Analyst sentiment remains mixed: Zacks upgraded the stock to “strong buy,” while Weiss maintained a sell rating and UBS lowered its price target to $11.50. The overall consensus is “Hold”, with an average target of $13.17.
• The company reported $0.10 in quarterly earnings per share and $233.55 million in revenue, but posted a negative net margin of 3.60% and negative return on equity of 2.67%.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price reached a new 52-week low on Wednesday. The company traded as low as $6.55 and last traded at $6.7110, with a volume of 589,882 shares traded. The stock had previously closed at $6.97.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research upgraded Grupo Supervielle from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 9th. Weiss Ratings reissued a "sell (d)" rating on shares of Grupo Supervielle in a research note on Tuesday, October 13th. Finally, UBS Group cut their price target on Grupo Supervielle from $13.00 to $11.50 and set a "neutral" rating on the stock in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.17.

Grupo Supervielle Stock Down 4.6%

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock has a market cap of $582.30 million, a PE ratio of -10.56 and a beta of 1.54. The firm has a fifty day moving average of $7.80 and a 200 day moving average of $9.17.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $233.55 million during the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. On average, equities research analysts anticipate that Grupo Supervielle S.A. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company's stock worth $183,000 after buying an additional 14,365 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in shares of Grupo Supervielle in the first quarter valued at about $438,000. Engineers Gate Manager LP boosted its holdings in shares of Grupo Supervielle by 96.4% in the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company's stock valued at $892,000 after acquiring an additional 45,325 shares in the last quarter. Finally, Titan Global Capital Management USA LLC boosted its holdings in shares of Grupo Supervielle by 5.7% in the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company's stock valued at $912,000 after acquiring an additional 5,245 shares in the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle SA is an Argentine financial services holding company whose principal subsidiary is Banco Supervielle SA The group provides banking and related financial products to individuals, small and medium-sized businesses, corporations, and other institutional customers, primarily in Argentina.

Through its businesses, Grupo Supervielle offers savings and checking accounts, deposits, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, payment services, and treasury products.

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