Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Stock Price Down 4.4% – Here’s Why

Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) were down 4.4% during trading on Wednesday . The company traded as low as $46.29 and last traded at $46.40. Approximately 1,908 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 35,745 shares. The stock had previously closed at $48.56.

Grupo Financiero Banorte SAB de CV Trading Down 0.6%

The company has a market cap of $25.95 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.47 and a beta of 0.84. The business’s 50-day moving average price is $47.71 and its 200 day moving average price is $46.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its earnings results on Wednesday, November 5th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a net margin of 12.92% and a return on equity of 22.33%. As a group, analysts expect that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.