Grupo Financiero Galicia (NASDAQ:GGAL) Sets New 52-Week High – Time to Buy?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $61.27 and last traded at $61.07, with a volume of 1196137 shares changing hands. The stock had previously closed at $57.95.

Analyst Ratings Changes

Several brokerages have commented on GGAL. JPMorgan Chase & Co. upgraded shares of Grupo Financiero Galicia from an “underweight” rating to an “overweight” rating and set a $54.00 price target on the stock in a research note on Friday, August 30th. Citigroup raised Grupo Financiero Galicia from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, September 4th. Finally, StockNews.com cut Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Grupo Financiero Galicia Trading Up 6.6 %

The business’s 50 day moving average price is $52.88 and its two-hundred day moving average price is $40.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 8.73 and a beta of 1.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in Grupo Financiero Galicia during the second quarter worth approximately $40,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter worth $51,000. NorthRock Partners LLC acquired a new position in shares of Grupo Financiero Galicia in the 3rd quarter worth $253,000. XTX Topco Ltd acquired a new stake in shares of Grupo Financiero Galicia during the third quarter worth $266,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Grupo Financiero Galicia during the third quarter valued at $278,000.

Grupo Financiero Galicia Company Profile

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.