Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $51.88, but opened at $54.00. Grupo Financiero Banorte SAB de CV shares last traded at $52.3350, with a volume of 5,622 shares trading hands.
Grupo Financiero Banorte SAB de CV Trading Down 2.2%
The company’s 50-day moving average is $56.27 and its 200 day moving average is $55.03. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.64. The firm has a market cap of $29.42 billion, a PE ratio of 8.82, a P/E/G ratio of 1.15 and a beta of 0.71.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.30%. As a group, sell-side analysts predict that Grupo Financiero Banorte SAB de CV will post 6.45 EPS for the current year.
Grupo Financiero Banorte SAB de CV Company Profile
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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