Grupo Supervielle (NYSE:SUPV) Shares Cross Below Fifty Day Moving Average of $2.32

Grupo Supervielle S.A. (NYSE:SUPV – Get Rating)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.32 and traded as low as $2.16. Grupo Supervielle shares last traded at $2.16, with a volume of 447,443 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Grupo Supervielle in a report on Thursday, March 16th. They set a “hold” rating on the stock.

Grupo Supervielle Stock Down 6.1 %

The firm has a fifty day moving average price of $2.32 and a 200 day moving average price of $2.29. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.01. The company has a market cap of $197.30 million, a P/E ratio of -6.55 and a beta of 1.27.

Institutional Investors Weigh In On Grupo Supervielle

A number of hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new position in Grupo Supervielle in the first quarter valued at approximately $489,000. Two Sigma Investments LP raised its holdings in Grupo Supervielle by 365.8% in the 1st quarter. Two Sigma Investments LP now owns 73,762 shares of the company’s stock valued at $166,000 after acquiring an additional 57,926 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Grupo Supervielle by 838.6% in the 1st quarter. Renaissance Technologies LLC now owns 383,880 shares of the company’s stock valued at $864,000 after acquiring an additional 342,980 shares in the last quarter. Insigneo Advisory Services LLC acquired a new position in Grupo Supervielle in the 1st quarter valued at $82,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Grupo Supervielle by 51.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 183,063 shares of the company’s stock valued at $412,000 after acquiring an additional 61,844 shares in the last quarter. Institutional investors and hedge funds own 2.69% of the company’s stock.

About Grupo Supervielle

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Grupo Supervielle SA operates as a holding company. The firm engages in the provision of banking services. It operates through the following segments: Retail Banking, Corporate Banking, Treasury, Consumer, Insurance and Asset Management and Other Services. The Retail Banking segment involves in granting of loans and other credit products such as deposits of physical persons.