Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Large Volume Increase - Time to Buy?

Key Points

• Grupo Financiero Banorte SAB de CV experienced a significant increase in trading volume of 242%, with approximately 107,788 shares traded compared to the previous day's volume.
• The company's latest quarterly earnings report showed earnings per share of $1.33, which was below analysts' expectations of $1.35.
• Despite a net margin of 13.01% and a return on equity of 21.67%, analysts predict the company will post an average of 4.84 earnings per share for the current year.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 107,788 shares traded hands during mid-day trading, an increase of 242% from the previous session's volume of 31,507 shares.The stock last traded at $46.84 and had previously closed at $46.97.

Grupo Financiero Banorte SAB de CV Trading Down 0.7%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The business's 50-day simple moving average is $47.28 and its two-hundred day simple moving average is $44.66. The company has a market capitalization of $26.23 billion, a PE ratio of 8.76, a PEG ratio of 0.98 and a beta of 0.76.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.02). The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations 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, analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current 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.

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