Grupo Supervielle (NYSE:SUPV) Shares Cross Below 200 Day Moving Average - Here's Why

Key Points

• Grupo Supervielle shares fell below their 200-day moving average, reaching $8.66 before closing at $8.75, compared with a 200-day average of $9.17.
• Analysts maintain a consensus “Hold” rating with a $13.17 price target; ratings include two Buys, four Holds and one Sell.
• The company reported quarterly EPS of $0.10 on $233.55 million in revenue, but continued to post a negative net margin of 3.60% and negative return on equity of 2.67%.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.17 and traded as low as $8.66. Grupo Supervielle shares last traded at $8.75, with a volume of 291,513 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SUPV shares. Weiss Ratings reissued a "sell (d)" rating on shares of Grupo Supervielle in a research note on Wednesday, July 15th. 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 research note on Thursday, June 25th. Finally, UBS Group dropped their price objective on Grupo Supervielle from $13.00 to $11.50 and set a "neutral" rating on the stock in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.17.

Grupo Supervielle Trading Down 0.5%

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 business's fifty day moving average is $9.06 and its 200 day moving average is $9.17. The stock has a market cap of $766.06 million, a PE ratio of -13.89 and a beta of 1.55.

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

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN purchased a new stake in Grupo Supervielle during the fourth quarter worth $55,000. Schonfeld Strategic Advisors LLC acquired a new stake in Grupo Supervielle in the third quarter valued at $91,000. Centiva Capital LP purchased a new position in shares of Grupo Supervielle in the third quarter valued at $101,000. Van ECK Associates Corp increased its position in shares of Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company's stock valued at $110,000 after buying an additional 4,666 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Grupo Supervielle during the 3rd quarter worth $164,000.

Grupo Supervielle Company Profile

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.

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