Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – Still a Buy?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares gapped up before the market opened on Monday . The stock had previously closed at $47.99, but opened at $50.16. Grupo Financiero Banorte SAB de CV shares last traded at $47.7770, with a volume of 2,962 shares.

Grupo Financiero Banorte SAB de CV Stock Performance

The stock’s fifty day simple moving average is $47.87 and its 200-day simple moving average is $46.31. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $26.91 billion, a PE ratio of 9.15, a PEG ratio of 1.01 and a beta of 0.84.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a return on equity of 22.33% and a net margin of 12.92%. On average, research analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current fiscal 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.