Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 66,250 shares, an increase of 391.7% from the September 15th total of 13,474 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 74,293 shares, the short-interest ratio is currently 0.9 days.
Grupo Financiero Banorte SAB de CV Trading Down 0.9%
Shares of GBOOY traded down $0.45 during mid-day trading on Friday, reaching $51.63. The company had a trading volume of 42,331 shares, compared to its average volume of 67,535. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $45.00 and a fifty-two week high of $63.81. The stock has a market cap of $29.05 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 1.16 and a beta of 0.71. 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 fifty day simple moving average of $55.96 and a 200-day simple moving average of $55.01.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.58 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.29 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 22.30% and a net margin of 14.97%. On average, sell-side analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.35 EPS for the current fiscal 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.
See Also
- Five stocks we like better than Grupo Financiero Banorte SAB de CV
- 3 Stocks Chopped in Half: Why These Drops May Be Structural, Not a Dip
- Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up
- Utilities Are Bouncing Back—These 2 Giants Could Signal the Next Big Sector Rally
- Q3 Earnings Could Blow Past Consensus—Be Ready for What Comes Next
Receive News & Ratings for Grupo Financiero Banorte SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Financiero Banorte SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.
