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

Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) gapped down prior to trading on Tuesday . The stock had previously closed at $55.48, but opened at $53.54. Grupo Financiero Banorte SAB de CV shares last traded at $55.27, with a volume of 894 shares trading hands.

Grupo Financiero Banorte SAB de CV Stock Performance

The company has a market capitalization of $31.26 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70. The stock’s fifty day simple moving average is $54.74 and its 200-day simple moving average is $55.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.79.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The business 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 net margin of 14.97% and a return on equity of 22.25%. As a group, equities 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 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.