Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – Still a Buy?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $54.02, but opened at $62.46. Grupo Financiero Banorte SAB de CV shares last traded at $54.3760, with a volume of 2,085 shares trading hands.

Grupo Financiero Banorte SAB de CV Trading Up 1.0%

The stock has a fifty day simple moving average of $56.59 and a 200 day simple moving average of $55.08. 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 firm has a market cap of $30.69 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly 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 return on equity of 22.30% and a net margin of 14.97%.The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.29 billion. On average, research analysts expect that Grupo Financiero Banorte SAB de CV will post 6.45 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 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.