Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Large Volume Increase – Should You Buy?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares saw an uptick in trading volume on Friday . Approximately 205,313 shares traded hands during mid-day trading, an increase of 265% from the previous session’s volume of 56,277 shares.The stock last traded at $51.47 and had previously closed at $51.9150.

Analyst Upgrades and Downgrades

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

Grupo Financiero Banorte SAB de CV Stock Down 0.9%

The firm has a market cap of $28.95 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.99 and a beta of 0.71. The stock has a 50-day moving average of $53.63 and a 200-day moving average of $54.33. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). Grupo Financiero Banorte SAB de CV had a net margin of 14.23% and a return on equity of 22.08%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.39 billion. As a group, sell-side analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.47 EPS for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

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.