Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Unusually-High Trading Volume – Should You Buy?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares saw unusually-strong trading volume on Monday . 115,296 shares traded hands during mid-day trading, an increase of 106% from the previous session’s volume of 55,872 shares.The stock last traded at $54.91 and had previously closed at $55.19.

Grupo Financiero Banorte SAB de CV Stock Down 0.2%

The business’s fifty day moving average price is $54.40 and its 200 day moving average price is $55.30. The firm has a market capitalization of $30.98 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 1.22 and a beta of 0.70. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 earnings per share for the quarter, topping 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. On average, equities analysts expect that Grupo Financiero Banorte SAB de CV will post 6.46 EPS 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.