Banco Macro (NYSE:BMA) Stock Price Crosses Above 200 Day Moving Average of $33.44

Banco Macro S.A. (NYSE:BMA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.44 and traded as high as $57.09. Banco Macro shares last traded at $56.08, with a volume of 346,522 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Banco Macro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 30th.

Banco Macro Stock Performance

The stock’s 50-day simple moving average is $47.32 and its 200 day simple moving average is $33.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.05 and a quick ratio of 0.88.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. LSV Asset Management raised its holdings in shares of Banco Macro by 66.7% in the 3rd quarter. LSV Asset Management now owns 57,500 shares of the bank’s stock valued at $1,134,000 after buying an additional 23,000 shares during the period. Capital Wealth Planning LLC purchased a new stake in Banco Macro during the third quarter worth about $365,000. Quantbot Technologies LP lifted its position in shares of Banco Macro by 2,178.8% during the third quarter. Quantbot Technologies LP now owns 9,115 shares of the bank’s stock worth $180,000 after purchasing an additional 8,715 shares in the last quarter. Sagil Capital LLP boosted its stake in shares of Banco Macro by 102.6% in the third quarter. Sagil Capital LLP now owns 135,373 shares of the bank’s stock valued at $2,671,000 after purchasing an additional 68,564 shares during the period. Finally, Quadrature Capital Ltd grew its holdings in shares of Banco Macro by 498.7% in the third quarter. Quadrature Capital Ltd now owns 64,502 shares of the bank’s stock valued at $1,273,000 after purchasing an additional 53,729 shares in the last quarter.

About Banco Macro

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.