Banco Macro (NYSE:BMA) Stock Price Passes Above Two Hundred Day Moving Average of $31.73

Banco Macro S.A. (NYSE:BMA) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.73 and traded as high as $54.13. Banco Macro shares last traded at $53.17, with a volume of 673,083 shares traded.

Analysts Set New Price Targets

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 firm has a 50-day moving average of $43.59 and a 200-day moving average of $31.73. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Banco Macro

A number of large investors have recently made changes to their positions in the business. Barclays PLC bought a new stake in shares of Banco Macro in the 2nd quarter worth approximately $53,000. Claro Advisors LLC bought a new stake in shares of Banco Macro in the 1st quarter worth approximately $260,000. Norden Group LLC bought a new stake in shares of Banco Macro in the 1st quarter worth approximately $261,000. Capital Wealth Planning LLC grew its position in shares of Banco Macro by 42.2% in the 4th quarter. Capital Wealth Planning LLC now owns 26,292 shares of the bank’s stock worth $755,000 after buying an additional 7,806 shares during the last quarter. Finally, Purus Wealth Management LLC bought a new stake in shares of Banco Macro in the 4th quarter worth approximately $230,000.

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.