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

by · The Cerbat Gem

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $47.91, but opened at $49.50. Grupo Financiero Banorte SAB de CV shares last traded at $49.31, with a volume of 4,972 shares.

Grupo Financiero Banorte SAB de CV Stock Up 3.9%

The stock’s fifty day moving average is $47.69 and its two-hundred day moving average is $46.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $28.02 billion, a PE ratio of 9.52, a P/E/G ratio of 1.46 and a beta of 0.84.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last released its 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 net margin of 12.92% and a return on equity of 22.33%. As a group, analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current year.

About Grupo Financiero Banorte SAB de CV

(Get Free Report)

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.

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