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

Banco Macro S.A. (NYSE:BMA)’s stock price passed 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.

Analyst Upgrades and Downgrades

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

Banco Macro Stock Performance

The firm has a 50-day simple moving average of $44.38 and a 200 day simple moving average of $32.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.05 and a quick ratio of 0.88.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in shares of Banco Macro during the second quarter valued at about $53,000. Claro Advisors LLC acquired a new stake in shares of Banco Macro during the first quarter valued at about $260,000. Norden Group LLC acquired a new stake in shares of Banco Macro during the first quarter valued at about $261,000. Purus Wealth Management LLC acquired a new stake in shares of Banco Macro during the fourth quarter valued at about $230,000. Finally, Quantbot Technologies LP grew its stake in shares of Banco Macro by 2,178.8% during the third quarter. Quantbot Technologies LP now owns 9,115 shares of the bank’s stock valued at $180,000 after acquiring an additional 8,715 shares in the last quarter.

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.