Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Stock Price Down 4.4% – Here’s Why

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) traded down 4.4% on Wednesday . The company traded as low as $46.29 and last traded at $46.40. 1,908 shares were traded during trading, a decline of 95% from the average session volume of 35,745 shares. The stock had previously closed at $48.56.

Grupo Financiero Banorte SAB de CV Stock Performance

The company has a fifty day moving average of $47.71 and a two-hundred day moving average of $46.58. The firm has a market capitalization of $25.95 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its earnings results on Wednesday, November 5th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a return on equity of 22.33% and a net margin of 12.92%. As a group, equities research analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.