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 Thursday . The stock had previously closed at $47.91, but opened at $49.50. Grupo Financiero Banorte SAB de CV shares last traded at $49.31, with a volume of 4,972 shares changing hands.

Grupo Financiero Banorte SAB de CV Trading Down 3.0%

The firm has a market cap of $27.57 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84. The company has a 50-day simple moving average of $47.72 and a 200 day simple moving average of $46.53. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54.

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 the consensus estimate 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 22.33%. As a group, sell-side analysts forecast 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.