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 prior to trading on Tuesday . The stock had previously closed at $57.72, but opened at $63.81. Grupo Financiero Banorte SAB de CV shares last traded at $57.68, with a volume of 744 shares traded.

Grupo Financiero Banorte SAB de CV Price Performance

The business has a fifty day moving average of $53.74 and a 200 day moving average of $55.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $32.45 billion, a PE ratio of 9.72, a P/E/G ratio of 1.28 and a beta of 0.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a return on equity of 22.25% and a net margin of 14.97%.The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.29 billion. Sell-side analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.43 earnings per share for the current 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.