Banco Macro S.A. (BMA) shares gained 6.04% today (2019-12-18). Is it the right time to buy?

What’s happening at Banco Macro S.A. (NYSE:BMA)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 6.04% (or 1.88 points) to $33.01 from its previous close of $31.13. So is it the right moment to buy?

The shares had an increased trading volume of 986,341 contracts this session compared to the average daily volume of last 10 days of 699,600 contracts and they had an increased trading volume compared to the average daily volume of last 3 months of 480,948 contracts.

The indicator of a company’s profitability, the earnings per share ratio is 7.14. This value shows how much money a company makes for each share of its stock. A higher EPS indicates more value because investors will pay more for a company with higher profits. This is positive and tells you exactly how much money the company earned per share of its 63.9M outstanding stock.

The closing market price for this trading session was 54.18% over 52 weeks minimum price of $21.41 and 57.30% under 52 weeks maximum price of $77.31. Also the price is -18.86% less than 200 day average of $40.68 and 28.51% greater than 50 day average of $25.69.

Latest news that might have contributed to the great perfomance of BMA today are:

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