Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Share Price Passes Above 50 Day Moving Average – What’s Next?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $44.82 and traded as high as $45.34. Grupo Financiero Banorte SAB de CV shares last traded at $44.96, with a volume of 16,139 shares changing hands.

Grupo Financiero Banorte SAB de CV Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50-day simple moving average is $44.82 and its 200-day simple moving average is $41.52. The company has a market cap of $25.30 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 0.94 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.02). The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $40.02 billion. Grupo Financiero Banorte SAB de CV had a net margin of 13.01% and a return on equity of 21.67%. On average, equities research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.