Grupo Supervielle (NYSE:SUPV) Shares Down 6.8%

Grupo Supervielle SA -ADR (NYSE:SUPV) traded down 6.8% on Friday . The stock traded as low as $2.68 and last traded at $2.72, 1,371,237 shares traded hands during mid-day trading. A decline of 2% from the average session volume of 1,400,487 shares. The stock had previously closed at $2.92.

A number of brokerages have commented on SUPV. Citigroup cut shares of Grupo Supervielle from a “neutral” rating to a “sell” rating in a research note on Thursday, September 19th. Bank of America cut shares of Grupo Supervielle from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $9.00 to $2.00 in a research note on Thursday, September 19th. ValuEngine upgraded shares of Grupo Supervielle from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet cut shares of Grupo Supervielle from a “c-” rating to a “d+” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley cut shares of Grupo Supervielle from an “overweight” rating to an “underweight” rating in a research note on Monday, August 12th. Six analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock currently has a consensus rating of “Sell” and a consensus price target of $9.80.

The stock has a market cap of $281.33 million, a P/E ratio of 3.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $5.13.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.27. The firm had revenue of $225.35 million during the quarter, compared to analysts’ expectations of $188.74 million. Grupo Supervielle had a net margin of 7.41% and a return on equity of 21.30%. Research analysts predict that Grupo Supervielle SA -ADR will post 0.86 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of Grupo Supervielle in the second quarter valued at approximately $25,000. Financial Gravity Wealth Inc. raised its stake in shares of Grupo Supervielle by 99.9% in the third quarter. Financial Gravity Wealth Inc. now owns 10,405 shares of the company’s stock valued at $33,000 after acquiring an additional 5,199 shares during the last quarter. Pictet Asset Management Ltd. bought a new position in shares of Grupo Supervielle in the second quarter valued at approximately $27,000. Fox Run Management L.L.C. bought a new position in shares of Grupo Supervielle in the second quarter valued at approximately $160,000. Finally, Keybank National Association OH raised its stake in shares of Grupo Supervielle by 19.8% in the second quarter. Keybank National Association OH now owns 21,000 shares of the company’s stock valued at $165,000 after acquiring an additional 3,474 shares during the last quarter. Institutional investors own 18.82% of the company’s stock.

Grupo Supervielle Company Profile (NYSE:SUPV)

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

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