Grupo Supervielle (NYSE:SUPV) Trading Up 7.3% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV)’s share price traded up 7.3% on Wednesday . The stock traded as high as $13.14 and last traded at $13.52. 573,879 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 1,275,260 shares. The stock had previously closed at $12.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SUPV shares. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a report on Thursday, December 12th.

Grupo Supervielle Trading Up 8.6 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $1.21 billion, a P/E ratio of 19.02 and a beta of 2.02. The stock has a 50-day moving average price of $15.69 and a two-hundred day moving average price of $11.93.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Grupo Supervielle during the 4th quarter worth approximately $63,000. GAMMA Investing LLC grew its stake in Grupo Supervielle by 151.4% in the fourth quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after purchasing an additional 4,349 shares during the period. Stratos Wealth Advisors LLC bought a new position in Grupo Supervielle in the fourth quarter worth $151,000. Y Intercept Hong Kong Ltd purchased a new position in Grupo Supervielle during the fourth quarter valued at $235,000. Finally, XTX Topco Ltd bought a new stake in shares of Grupo Supervielle during the 4th quarter valued at $258,000.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.