Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sets New 1-Year High - Should You Buy?

Key Points

• Grupo Financiero Banorte SAB de CV's share price reached a new 52-week high of $48.41, indicating strong market performance with a recent trading volume of 1920 shares.
• The company reported $1.33 earnings per share for the quarter, which fell short of analysts' expectations of $1.35, alongside a revenue of $2.01 billion.
• With a market capitalization of $27.32 billion and a PE ratio of 9.13, the company demonstrates a solid financial standing despite the earnings miss.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.41 and last traded at $48.26, with a volume of 1920 shares trading hands. The stock had previously closed at $47.27.

Grupo Financiero Banorte SAB de CV Trading Up 0.2%

The stock has a 50 day simple moving average of $45.14 and a 200-day simple moving average of $42.50. The firm has a market capitalization of $28.31 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.04 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.02). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $40.02 billion. Grupo Financiero Banorte SAB de CV had a net margin of 13.01% and a return on equity of 21.67%. On average, equities research analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

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.