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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $51.88, but opened at $54.00. Grupo Financiero Banorte SAB de CV shares last traded at $52.3350, with a volume of 5,622 shares changing hands.

Grupo Financiero Banorte SAB de CV Stock Down 2.2%

The business has a fifty day moving average price of $56.27 and a two-hundred day moving average price of $55.03. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.64. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.15 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.30%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. On average, equities analysts predict that Grupo Financiero Banorte SAB de CV will post 6.45 earnings per share for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company whose principal business is conducted through Banco Mercantil del Norte, commonly known as Banorte. The group provides banking services to individuals, businesses, corporations and government entities, including deposit accounts, consumer and commercial lending, mortgages, payment services, cash management and electronic banking.

Through its affiliated companies, Grupo Financiero Banorte also offers brokerage and investment banking services, insurance products, pension and retirement administration, leasing, factoring and other financial services.