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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $57.06, but opened at $60.59. Grupo Financiero Banorte SAB de CV shares last traded at $57.39, with a volume of 2,069 shares changing hands.

Grupo Financiero Banorte SAB de CV Trading Up 0.6%

The business’s fifty day moving average is $56.01 and its 200 day moving average is $55.05. The stock has a market cap of $32.31 billion, a PE ratio of 9.68, a P/E/G ratio of 1.29 and a beta of 0.70. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.29 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.30% and a net margin of 14.97%. As a group, analysts predict that Grupo Financiero Banorte SAB de CV will post 6.46 earnings per share for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V. is a Mexican financial services holding company headquartered in Mexico City. Its principal subsidiary, Banco Mercantil del Norte, commonly known as Banorte, provides banking services to individuals, small and medium-sized businesses, corporations, and government entities.

Banorte’s products and services include deposit accounts, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, treasury services, and investment products.