Grupo Supervielle (NYSE:SUPV) Reaches New 12-Month Low – Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $6.55 and last traded at $6.7110, with a volume of 589,882 shares. The stock had previously closed at $6.97.

Wall Street Analysts Forecast Growth

SUPV has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Zacks Research upgraded Grupo Supervielle from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $13.17.

Grupo Supervielle Stock Down 2.4%

The stock has a 50 day simple moving average of $7.76 and a 200-day simple moving average of $9.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $570.80 million, a PE ratio of -10.34 and a beta of 1.54.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $233.55 million for the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. Sell-side analysts predict that Grupo Supervielle S.A. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Titan Global Capital Management USA LLC grew its holdings in Grupo Supervielle by 5.7% during the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after buying an additional 5,245 shares in the last quarter. Engineers Gate Manager LP grew its position in Grupo Supervielle by 96.4% in the 2nd quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock valued at $892,000 after acquiring an additional 45,325 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in Grupo Supervielle in the 1st quarter valued at about $438,000. Finally, Bank of America Corp DE increased its holdings in Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock worth $183,000 after purchasing an additional 14,365 shares during the period.

About Grupo Supervielle

Grupo Supervielle SA is an Argentine financial services holding company whose principal subsidiary is Banco Supervielle SA The group provides banking and related financial products to individuals, small and medium-sized businesses, corporations, and other institutional customers, primarily in Argentina.

Through its businesses, Grupo Supervielle offers savings and checking accounts, deposits, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, payment services, and treasury products.