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

Banco Macro S.A. (NYSE:BMA)’s stock price crossed 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 Upgrades and Downgrades

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

Banco Macro Price Performance

The business’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 quick ratio of 0.88 and a current ratio of 1.05.

Institutional Investors Weigh In On Banco Macro

A number of hedge funds and other institutional investors have recently made changes to their positions in BMA. LSV Asset Management grew its stake 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 in the last quarter. Capital Wealth Planning LLC acquired a new stake in Banco Macro in the third quarter valued at approximately $365,000. Quantbot Technologies LP grew its position in Banco Macro by 2,178.8% in the third quarter. Quantbot Technologies LP now owns 9,115 shares of the bank’s stock worth $180,000 after acquiring an additional 8,715 shares in the last quarter. Sagil Capital LLP grew its position in Banco Macro by 102.6% in the third quarter. Sagil Capital LLP now owns 135,373 shares of the bank’s stock worth $2,671,000 after acquiring an additional 68,564 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of Banco Macro by 498.7% during the 3rd quarter. Quadrature Capital Ltd now owns 64,502 shares of the bank’s stock worth $1,273,000 after purchasing an additional 53,729 shares during 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.