Grupo Supervielle (NYSE:SUPV) Stock Price Down 8% – Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price traded down 8% during trading on Monday . The stock traded as low as $10.53 and last traded at $10.47. 557,682 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 924,825 shares. The stock had previously closed at $11.38.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SUPV shares. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th. Finally, Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50 day moving average is $9.23 and its 200 day moving average is $10.07. The firm has a market cap of $907.02 million, a P/E ratio of -17.57 and a beta of 1.57.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share for the quarter. Grupo Supervielle had a negative net margin of 3.46% and a negative return on equity of 4.40%. The business had revenue of $145.40 million for the quarter. As a group, analysts anticipate that Grupo Supervielle S.A. will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUPV. Wells Fargo & Company MN purchased a new position in Grupo Supervielle during the fourth quarter valued at $55,000. Van ECK Associates Corp grew its stake 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 worth $110,000 after acquiring an additional 4,666 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Supervielle in the fourth quarter worth $211,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Grupo Supervielle during the third quarter valued at $91,000. Finally, Bank of America Corp DE increased its holdings 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 acquiring an additional 14,365 shares in the last quarter.

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.