Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Down – What’s Next?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $55.48, but opened at $53.54. Grupo Financiero Banorte SAB de CV shares last traded at $55.27, with a volume of 894 shares changing hands.

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 stock has a fifty day simple moving average of $54.81 and a 200-day simple moving average of $55.17. The stock has a market cap of $32.21 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 1.24 and a beta of 0.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Grupo Financiero Banorte SAB de CV had a return on equity of 22.25% and a net margin of 14.97%.The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.29 billion. As a group, equities research analysts expect 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 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.