Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Down 4.4% – What’s Next?

Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) traded down 4.4% during trading on Wednesday . The stock traded as low as $46.29 and last traded at $46.40. 1,908 shares changed hands during trading, a decline of 95% from the average session volume of 35,745 shares. The stock had previously closed at $48.56.

Grupo Financiero Banorte SAB de CV Price Performance

The company has a current ratio of 0.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $47.65 and its 200-day moving average price is $46.58. The stock has a market capitalization of $26.38 billion, a PE ratio of 8.96, a PEG ratio of 1.40 and a beta of 0.84.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.24 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 21.99% and a net margin of 12.92%. On average, equities analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.