Grupo Supervielle (NYSE:SUPV) Shares Gap Down - Here's What Happened

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $13.85, but opened at $13.01. Grupo Supervielle shares last traded at $13.06, with a volume of 155,147 shares trading hands.

Analyst Ratings Changes

SUPV has been the subject of several research analyst reports. Morgan Stanley raised Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price target for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. raised Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 price target for the company in a research note on Thursday, December 12th. Finally, StockNews.com lowered Grupo Supervielle from a "hold" rating to a "sell" rating in a research note on Thursday.

Grupo Supervielle Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $11.95. The stock has a market cap of $1.20 billion, a P/E ratio of 18.89 and a beta of 2.02.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SUPV. Dynamic Technology Lab Private Ltd purchased a new position in shares of Grupo Supervielle in the third quarter worth about $145,000. Quantbot Technologies LP increased its holdings in shares of Grupo Supervielle by 212.9% in the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company's stock worth $205,000 after buying an additional 19,602 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Grupo Supervielle by 449.1% in the third quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company's stock worth $436,000 after buying an additional 50,138 shares during the period. Freedom Investment Management Inc. purchased a new position in shares of Grupo Supervielle in the third quarter worth about $519,000. Finally, Verition Fund Management LLC purchased a new position in shares of Grupo Supervielle in the third quarter worth about $324,000.

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About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.