Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Up – Still a Buy?

Shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) gapped up prior to trading on Tuesday. The stock had previously closed at $54.02, but opened at $62.46. Grupo Financiero Banorte SAB de CV shares last traded at $54.3760, with a volume of 2,085 shares.

Grupo Financiero Banorte SAB de CV Price Performance

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 firm’s fifty day moving average price is $56.59 and its two-hundred day moving average price is $55.08. The stock has a market capitalization of $30.69 billion, a PE ratio of 9.20, a PEG ratio of 1.23 and a beta of 0.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 22.30%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.29 billion. On average, equities analysts predict that Grupo Financiero Banorte SAB de CV will post 6.45 earnings per share for the current year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company whose principal business is conducted through Banco Mercantil del Norte, commonly known as Banorte. The group provides banking services to individuals, businesses, corporations and government entities, including deposit accounts, consumer and commercial lending, mortgages, payment services, cash management and electronic banking.

Through its affiliated companies, Grupo Financiero Banorte also offers brokerage and investment banking services, insurance products, pension and retirement administration, leasing, factoring and other financial services.