Grupo Supervielle (NYSE:SUPV) Shares Gap Up to $3.50
Grupo Supervielle SA -ADR (NYSE:SUPV)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.62, but opened at $3.50. Grupo Supervielle shares last traded at $3.39, with a volume of 122,049 shares changing hands.
SUPV has been the topic of several analyst reports. Scotiabank initiated coverage on Grupo Supervielle in a research report on Wednesday, August 7th. They set an “underperform” rating on the stock. Morgan Stanley cut Grupo Supervielle from an “overweight” rating to an “underweight” rating in a research report on Monday. ValuEngine cut Grupo Supervielle from a “sell” rating to a “strong sell” rating in a research report on Monday. Zacks Investment Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Bank of America raised Grupo Supervielle from an “underperform” rating to a “neutral” rating in a report on Friday, June 28th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Grupo Supervielle has an average rating of “Hold” and a consensus target price of $11.10.
The stock has a market capitalization of $699.70 million, a price-to-earnings ratio of 4.31 and a beta of 0.11. The stock has a 50 day moving average of $7.52. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.
About Grupo Supervielle (NYSE:SUPV)
Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.
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