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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) gapped up prior to trading 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 traded.

Grupo Financiero Banorte SAB de CV Trading Down 0.9%

The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $56.34 and a 200 day simple moving average of $55.06. The firm has a market capitalization of $31.73 billion, a P/E ratio of 9.51, a PEG ratio of 1.24 and a beta of 0.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 22.30%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.29 billion. As a group, research analysts forecast 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 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.