Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – Still a Buy?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $46.86, but opened at $49.72. Grupo Financiero Banorte SAB de CV shares last traded at $47.12, with a volume of 3,052 shares.

Grupo Financiero Banorte SAB de CV Price Performance

The business has a 50 day simple moving average of $47.75 and a two-hundred day simple moving average of $46.81. The firm has a market capitalization of $26.53 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.23.

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 analysts’ consensus estimates of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a net margin of 12.92% and a return on equity of 21.99%. On average, sell-side analysts expect 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.