Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 7,217 shares, a decrease of 42.8% from the July 30th total of 12,615 shares. Based on an average daily volume of 55,482 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Grupo Financiero Banorte SAB de CV Stock Up 0.7%
OTCMKTS:GBOOY traded up $0.36 during mid-day trading on Monday, reaching $56.33. The stock had a trading volume of 9,792 shares, compared to its average volume of 55,416. The stock has a market cap of $31.69 billion, a P/E ratio of 9.50, a PEG ratio of 1.23 and a beta of 0.70. The business’s 50 day moving average is $54.85 and its 200 day moving average is $55.11. 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 has a fifty-two week low of $43.73 and a fifty-two week high of $63.81.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.29 billion. As a group, sell-side analysts predict that Grupo Financiero Banorte SAB de CV will post 6.46 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.
Featured Stories
- Five stocks we like better than Grupo Financiero Banorte SAB de CV
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
- AST SpaceMobile Is Down 54%—Can FCC Progress and BlueBirds Reverse the Slide?
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.
