Grupo Financiero Galicia (NASDAQ:GGAL) Shares Gap Down - Should You Sell?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $58.80, but opened at $56.09. Grupo Financiero Galicia shares last traded at $58.39, with a volume of 463,823 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley upgraded shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price objective on the stock in a report on Monday, December 16th. StockNews.com cut shares of Grupo Financiero Galicia from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Grupo Financiero Galicia has a consensus rating of "Moderate Buy" and an average target price of $59.00.

Grupo Financiero Galicia Price Performance

The company's 50-day moving average is $65.56 and its two-hundred day moving average is $53.56. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11.

Institutional Investors Weigh In On Grupo Financiero Galicia

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vident Advisory LLC bought a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $349,000. Two Sigma Investments LP lifted its holdings in shares of Grupo Financiero Galicia by 0.4% in the fourth quarter. Two Sigma Investments LP now owns 471,443 shares of the bank's stock worth $29,380,000 after acquiring an additional 1,917 shares during the last quarter. PointState Capital LP lifted its holdings in shares of Grupo Financiero Galicia by 14.5% in the fourth quarter. PointState Capital LP now owns 577,337 shares of the bank's stock worth $35,980,000 after acquiring an additional 73,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Grupo Financiero Galicia by 19.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,222,938 shares of the bank's stock worth $76,213,000 after acquiring an additional 196,270 shares during the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. bought a new position in shares of Grupo Financiero Galicia in the fourth quarter worth about $483,000.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.