Grupo Supervielle (NYSE:SUPV) Shares Cross Below 200 Day Moving Average – Time to Sell?

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

Analyst Upgrades and Downgrades

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

Grupo Supervielle Stock Down 0.8%

The company has a 50-day moving average of $9.04 and a 200-day moving average of $9.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $763.61 million, a price-to-earnings ratio of -13.84 and a beta of 1.55.

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

Institutional Trading of Grupo Supervielle

A number of institutional investors have recently bought and sold shares of SUPV. Millennium Management LLC raised its holdings in shares of Grupo Supervielle by 46.3% in the first quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock worth $9,823,000 after buying an additional 238,064 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Grupo Supervielle by 38.8% during the first quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company’s stock valued at $1,788,000 after buying an additional 38,247 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares during the last quarter. Jump Financial LLC increased its position in shares of Grupo Supervielle by 19.4% in the 2nd quarter. Jump Financial LLC now owns 132,156 shares of the company’s stock valued at $1,400,000 after acquiring an additional 21,471 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Grupo Supervielle in the 2nd quarter valued at $2,568,000.

About Grupo Supervielle

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.