Macro Stock Hits New 52-Week Low (BMA)

NEW YORK ( TheStreet) -- Macro Bank (NYSE: BMA) hit a new 52-week low Tuesday as it is currently trading at $14.35, below its previous 52-week low of $14.42 with 119,348 shares traded as of 12:05 p.m. ET. Average volume has been 207,300 shares over the past 30 days.

Macro has a market cap of $910 million and is part of the financial sector and banking industry. Shares are down 20.2% year to date as of the close of trading on Monday.

Banco Macro S.A. provides banking products and services to individuals, entrepreneurs, companies, and corporate customers in Argentina. The company has a P/E ratio of 0.8, below the average banking industry P/E ratio of 3.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macro as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Macro Ratings Report.

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