Grupo Supervielle (NYSE:SUPV) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV) crossed 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 changing hands.

Analyst Upgrades and Downgrades

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

Grupo Supervielle Stock Performance

The stock has a 50 day moving average of $9.85 and a 200 day moving average of $9.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $821.92 million, a price-to-earnings ratio of -15.91 and a beta of 1.60.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors and hedge funds have recently made changes to their positions in SUPV. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle during the 4th quarter worth approximately $55,000. Van ECK Associates Corp raised its holdings in shares of Grupo Supervielle by 101.5% in the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after acquiring an additional 4,666 shares during the last quarter. Titan Global Capital Management USA LLC raised its stake 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 worth $912,000 after purchasing an additional 5,245 shares during the last quarter. Cetera Investment Advisers lifted its stake in Grupo Supervielle by 29.3% during the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Grupo Supervielle by 285.5% during the first 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 in the last quarter.

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.