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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $51.69, but opened at $50.25. Grupo Financiero Banorte SAB de CV shares last traded at $52.16, with a volume of 11,677 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Grupo Financiero Banorte SAB de CV Stock Performance

The stock has a market cap of $30.18 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.97 and a beta of 0.71. The stock’s fifty day moving average is $53.42 and its 200-day moving average is $54.45. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.42.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.03). Grupo Financiero Banorte SAB de CV had a return on equity of 22.08% and a net margin of 14.23%. On average, analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.47 EPS for the current 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.