Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Strong Trading Volume – Time to Buy?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares saw an uptick in trading volume on Monday . 115,296 shares were traded during mid-day trading, an increase of 106% from the previous session’s volume of 55,872 shares.The stock last traded at $54.91 and had previously closed at $55.19.

Grupo Financiero Banorte SAB de CV Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The firm has a market cap of $30.82 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.22 and a beta of 0.70. The company’s 50-day moving average is $54.58 and its 200-day moving average is $55.28.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 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 22.25%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.29 billion. Equities research analysts predict that Grupo Financiero Banorte SAB de CV will post 6.46 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.