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

Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) gapped up prior to trading on Wednesday. The stock had previously closed at $51.88, but opened at $54.00. Grupo Financiero Banorte SAB de CV shares last traded at $52.3350, with a volume of 5,622 shares trading hands.

Grupo Financiero Banorte SAB de CV Stock Performance

The firm has a market cap of $29.30 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 1.16 and a beta of 0.71. The stock has a 50 day moving average of $56.09 and a 200 day moving average of $55.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) 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 22.30%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.29 billion. As a group, analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.45 EPS for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

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.