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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) gapped up prior to trading on Wednesday . The stock had previously closed at $57.06, but opened at $60.59. Grupo Financiero Banorte SAB de CV shares last traded at $57.39, with a volume of 2,069 shares trading hands.

Grupo Financiero Banorte SAB de CV Trading Up 1.6%

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 company has a market cap of $32.08 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.24 and a beta of 0.70. The firm has a 50 day moving average price of $56.15 and a two-hundred day moving average price of $55.04.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings data 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 22.30% and a net margin of 14.97%.The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.29 billion. As a group, equities analysts forecast that Grupo Financiero Banorte SAB de CV will post 6.46 earnings per share 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.