Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sets New 1-Year High - What's Next?

Key Points

• Grupo Financiero Banorte SAB de CV shares reached a new 52-week high of $51.00, with the latest trading occurring at $50.32 and a volume of 13,523 shares exchanged.
• The company reported an EPS of $1.33 for the last quarter, falling short of expectations by $0.02, and had a net margin of 13.01% and a return on equity of 21.67%.
• Banorte currently has a market capitalization of $28.31 billion and a P/E ratio of 9.46, indicating potentially favorable valuation metrics for investors.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $51.00 and last traded at $50.32, with a volume of 13523 shares changing hands. The stock had previously closed at $50.23.

Grupo Financiero Banorte SAB de CV Stock Down 1.7%

The stock's fifty day moving average is $45.52 and its 200 day moving average is $42.85. 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 company has a market capitalization of $27.70 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 1.04 and a beta of 0.75.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.02). Grupo Financiero Banorte SAB de CV had a net margin of 13.01% and a return on equity of 21.67%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $40.02 billion. Research analysts predict 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.