Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s stock price fell 10.3% during trading on Monday . The stock traded as low as $9.82 and last traded at $9.85. 68,751 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 778,785 shares. The stock had previously closed at $10.98.
Separately, Zacks Investment Research upgraded shares of Grupo Financiero Galicia from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 15th.
The stock’s 50-day moving average is $9.18 and its 200-day moving average is $8.58. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 4.35 and a beta of 1.78. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.17.
About Grupo Financiero Galicia (NASDAQ:GGAL)
Grupo Financiero Galicia SA is a holding company, which engages in banking, insurance, and the issuance of certificates of deposit through its subsidiaries. It operates through the following segments: Banks, Ecosistema Naranja X, Insurance, Other Businesses, and Adjustments. The Banks segment includes the banking business operation results.
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