Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) 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 changing hands.
Grupo Financiero Banorte SAB de CV Price Performance
The firm’s 50-day moving average is $53.71 and its two-hundred day moving average is $55.01. The company has a market cap of $32.23 billion, a P/E ratio of 9.66, a PEG ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.79 and a quick ratio of 0.79.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.25%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.29 billion. 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.
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