Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Stock Price Down 7.7% – Should You Sell?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) traded down 7.7% during mid-day trading on Friday . The stock traded as low as $52.45 and last traded at $53.31. 2,423 shares changed hands during trading, a decline of 96% from the average session volume of 57,431 shares. The stock had previously closed at $57.77.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Grupo Financiero Banorte SAB de CV Price Performance

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is $55.32 and its 200-day moving average is $53.09. The company has a market cap of $29.09 billion, a PE ratio of 9.12, a PEG ratio of 1.08 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.07). Grupo Financiero Banorte SAB de CV had a net margin of 14.23% and a return on equity of 22.08%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.39 billion. On average, equities analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.47 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.