Banco Macro (NYSE:BMA) Stock Price Passes Above Two Hundred Day Moving Average of $31.73

Banco Macro S.A. (NYSE:BMA) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.73 and traded as high as $54.13. Banco Macro shares last traded at $53.17, with a volume of 673,083 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Banco Macro from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 30th.

Banco Macro Stock Up 6.7 %

The firm has a fifty day moving average price of $43.59 and a 200 day moving average price of $31.73. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Banco Macro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Banco Macro in the 2nd quarter worth $53,000. Quantbot Technologies LP grew its position in Banco Macro by 2,178.8% during the 3rd quarter. Quantbot Technologies LP now owns 9,115 shares of the bank’s stock worth $180,000 after purchasing an additional 8,715 shares during the period. Purus Wealth Management LLC acquired a new stake in Banco Macro during the 4th quarter worth about $230,000. Claro Advisors LLC acquired a new stake in Banco Macro during the 1st quarter worth about $260,000. Finally, Norden Group LLC acquired a new stake in Banco Macro during the 1st quarter worth about $261,000.

Banco Macro Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.