Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – What’s Next?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $56.14, but opened at $61.62. Grupo Financiero Banorte SAB de CV shares last traded at $56.4720, with a volume of 857 shares trading hands.

Grupo Financiero Banorte SAB de CV Stock Down 0.9%

The firm has a market cap of $31.73 billion, a PE ratio of 9.51, a PEG ratio of 1.24 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.77 and a current ratio of 0.77. The company’s 50-day simple moving average is $56.34 and its two-hundred day simple moving average is $55.06.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.01. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations 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%. On average, analysts predict that Grupo Financiero Banorte SAB de CV will post 6.46 earnings per share for the current fiscal year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V. is a Mexican financial services holding company headquartered in Mexico City. Its principal subsidiary, Banco Mercantil del Norte, commonly known as Banorte, provides banking services to individuals, small and medium-sized businesses, corporations, and government entities.

Banorte’s products and services include deposit accounts, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, treasury services, and investment products.