Grupo Supervielle (NYSE:SUPV) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• Grupo Supervielle shares fell below their 50-day moving average, trading as low as $6.72 and last changing hands near $6.84, down 3.8%. The stock’s 50-day and 200-day averages are $8.42 and $8.98, respectively.
• Analyst sentiment is mixed but leans neutral: the consensus rating is “Hold” with a $13.17 price target. UBS lowered its target to $11.50, while JPMorgan raised its target to $13; Weiss Ratings maintained a sell rating.
• The company reported quarterly EPS of $0.10 on $233.55 million in revenue, but remains unprofitable with a negative net margin of 3.60% and negative return on equity. Several institutional investors nevertheless increased their positions in the stock.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) shares passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $8.42 and traded as low as $6.72. Grupo Supervielle shares last traded at $6.8410, with a volume of 1,204,670 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SUPV. UBS Group cut their target price on Grupo Supervielle from $13.00 to $11.50 and set a "neutral" rating on the stock in a research note on Friday, July 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Grupo Supervielle from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $13.17.

Grupo Supervielle Trading Down 3.8%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $598.93 million, a P/E ratio of -10.86 and a beta of 1.54. The stock has a fifty day moving average of $8.42 and a 200 day moving average of $8.98.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. The business 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, equities research analysts anticipate that Grupo Supervielle S.A. will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings 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 worth $183,000 after purchasing an additional 14,365 shares during the period. Deltec Asset Management LLC bought a new position in shares of Grupo Supervielle during the first quarter valued at approximately $438,000. Engineers Gate Manager LP boosted its position in Grupo Supervielle by 96.4% during the 2nd 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. Titan Global Capital Management USA LLC grew its stake in 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 purchasing an additional 5,245 shares during the last quarter. Finally, RWC Asset Management LLP grew its position in shares of Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company's stock worth $13,935,000 after buying an additional 434,285 shares during 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, corporate clients, and other institutional customers in Argentina.

Through its banking operations, Grupo Supervielle offers deposit accounts, personal and business lending, mortgages, credit and debit cards, payments, online and mobile banking, and other transaction services.

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