Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – Here’s Why

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $51.1550, but opened at $53.25. Grupo Financiero Banorte SAB de CV shares last traded at $52.01, with a volume of 12,544 shares traded.

Grupo Financiero Banorte SAB de CV Trading Up 2.1%

The stock’s 50 day moving average is $47.88 and its 200-day moving average is $46.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $29.40 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.48 and a beta of 0.83.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its earnings results on Wednesday, November 5th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a net margin of 12.92% and a return on equity of 21.99%. As a group, equities research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

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.