Grupo Financiero Galicia (NASDAQ:GGAL) Lowered to Hold at StockNews.com

Posted by Matthew Steigler on Jul 9th, 2024

Grupo Financiero Galicia (NASDAQ:GGAL – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Grupo Financiero Galicia Stock Up 0.2 %

NASDAQ:GGAL traded up $0.07 during mid-day trading on Monday, reaching $28.53. The stock had a trading volume of 577,202 shares, compared to its average volume of 1,052,191. The stock has a 50-day simple moving average of $33.28 and a two-hundred day simple moving average of $26.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.98 and a current ratio of 0.98. Grupo Financiero Galicia has a 12 month low of $10.57 and a 12 month high of $37.83.

Institutional Trading of Grupo Financiero Galicia

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in Grupo Financiero Galicia in the first quarter valued at $67,000. FNY Investment Advisers LLC bought a new stake in shares of Grupo Financiero Galicia during the fourth quarter worth about $86,000. Claro Advisors LLC bought a new stake in shares of Grupo Financiero Galicia during the first quarter worth about $235,000. Shilanski & Associates Inc. bought a new stake in shares of Grupo Financiero Galicia during the first quarter worth about $242,000. Finally, Norden Group LLC bought a new stake in shares of Grupo Financiero Galicia during the first quarter worth about $383,000.

About Grupo Financiero Galicia

(Get Free Report)

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.