Grupo Supervielle (NYSE:SUPV) Stock Falls 12.5% – Time to Sell?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) were down 12.5% on Monday. The stock traded as low as $6.80 and last traded at $6.7740. 92,927 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 760,532 shares. The stock had previously closed at $7.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SUPV shares. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a research note on Tuesday, October 13th. Zacks Research raised Grupo Supervielle from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Finally, UBS Group lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.17.

Grupo Supervielle Stock Performance

The stock’s 50-day moving average is $7.85 and its 200 day moving average is $8.80. The stock has a market cap of $604.10 million, a price-to-earnings ratio of -10.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92.

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

Institutional Trading of Grupo Supervielle

Institutional investors have recently modified their holdings of the business. Titan Global Capital Management USA LLC raised its holdings in shares of Grupo Supervielle by 5.7% in the 1st 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 period. Bank of America Corp DE lifted its position in 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 buying an additional 14,365 shares in the last quarter. Engineers Gate Manager LP grew its stake in Grupo Supervielle by 96.4% during the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock worth $892,000 after buying an additional 45,325 shares during the period. Finally, Deltec Asset Management LLC acquired a new stake in shares of Grupo Supervielle in the first quarter worth $438,000.

About Grupo Supervielle

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, corporations, and other institutional customers, primarily in Argentina.

Through its businesses, Grupo Supervielle offers savings and checking accounts, deposits, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, payment services, and treasury products.