Grupo Financiero Galicia (NASDAQ:GGAL) Trading Down 3.9% - What's Next?

Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL - Get Free Report) traded down 3.9% on Friday . The stock traded as low as $67.01 and last traded at $67.18. 575,330 shares traded hands during trading, a decline of 50% from the average session volume of 1,147,202 shares. The stock had previously closed at $69.90.

Analysts Set New Price Targets

GGAL has been the topic of a number of research analyst reports. Morgan Stanley raised shares of Grupo Financiero Galicia from an "underweight" rating to an "overweight" rating and set a $92.00 price target on the stock in a research note on Monday, December 16th. StockNews.com lowered 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.00.

Grupo Financiero Galicia Stock Down 3.8 %

The stock's 50-day moving average price is $61.95 and its 200 day moving average price is $47.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NorthRock Partners LLC purchased a new position in Grupo Financiero Galicia during the third quarter worth approximately $253,000. XTX Topco Ltd purchased a new position in shares of Grupo Financiero Galicia during the 3rd quarter worth $266,000. Truist Financial Corp purchased a new position in shares of Grupo Financiero Galicia during the 2nd quarter worth $273,000. Quadrature Capital Ltd acquired a new position in shares of Grupo Financiero Galicia during the 3rd quarter valued at about $278,000. Finally, X Square Capital LLC purchased a new stake in shares of Grupo Financiero Galicia in the third quarter valued at about $316,000.

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.

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