Grupo Financiero Galicia (NASDAQ:GGAL) Share Price Crosses Above 200-Day Moving Average of $20.16

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.16 and traded as high as $36.87. Grupo Financiero Galicia shares last traded at $36.80, with a volume of 2,108,837 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th.

Grupo Financiero Galicia Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $26.69 and its two-hundred day moving average is $20.16.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC boosted its position in Grupo Financiero Galicia by 1.2% during the third quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock worth $3,370,000 after purchasing an additional 3,116 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Grupo Financiero Galicia by 62.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,468 shares of the bank’s stock valued at $7,277,000 after buying an additional 161,684 shares during the last quarter. Dfpg Investments LLC grew its stake in Grupo Financiero Galicia by 49.8% in the 4th quarter. Dfpg Investments LLC now owns 24,737 shares of the bank’s stock valued at $415,000 after buying an additional 8,224 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Grupo Financiero Galicia in the 4th quarter valued at about $2,924,000. Finally, Aigen Investment Management LP acquired a new stake in Grupo Financiero Galicia during the third quarter worth approximately $203,000.

About Grupo Financiero Galicia

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.