Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – What’s Next?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $47.91, but opened at $49.50. Grupo Financiero Banorte SAB de CV shares last traded at $49.31, with a volume of 4,972 shares.

Grupo Financiero Banorte SAB de CV Stock Up 3.9%

The company has a market cap of $28.02 billion, a P/E ratio of 9.52, a PEG ratio of 1.46 and a beta of 0.84. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $47.69 and a 200 day moving average price of $46.47.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a return on equity of 22.33% and a net margin of 12.92%. Equities research analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.