Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 13,474 shares, an increase of 54.7% from the August 31st total of 8,708 shares. Based on an average daily trading volume, of 53,551 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.
Grupo Financiero Banorte SAB de CV Trading Up 2.3%
Shares of GBOOY opened at $52.38 on Friday. The stock’s 50-day moving average price is $56.44 and its 200 day moving average price is $55.05. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.13 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a 12-month low of $45.00 and a 12-month high of $63.81.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a return on equity of 22.30% and a net margin of 14.97%.The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.29 billion. As a group, research analysts predict that Grupo Financiero Banorte SAB de CV will post 6.45 earnings per share for the current year.
About Grupo Financiero Banorte SAB de CV
Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company whose principal business is conducted through Banco Mercantil del Norte, commonly known as Banorte. The group provides banking services to individuals, businesses, corporations and government entities, including deposit accounts, consumer and commercial lending, mortgages, payment services, cash management and electronic banking.
Through its affiliated companies, Grupo Financiero Banorte also offers brokerage and investment banking services, insurance products, pension and retirement administration, leasing, factoring and other financial services.
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