Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Gap Down - Should You Sell?

Key Points

• Grupo Financiero Banorte SAB de CV's shares gapped down significantly before trading, opening at $48.22 compared to a previous close of $50.89.
• The company reported earnings per share (EPS) of $1.33 for the quarter, missing analysts' expectations by $0.02, with quarterly revenue of $2.01 billion falling short of $40.02 billion projections.
• Grupo Financiero Banorte has a market cap of $28.14 billion and a PE ratio of 9.40, indicating its valuation relative to earnings.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $50.89, but opened at $48.22. Grupo Financiero Banorte SAB de CV shares last traded at $50.16, with a volume of 13,769 shares traded.

Grupo Financiero Banorte SAB de CV Stock Performance

The stock has a market cap of $27.70 billion, a P/E ratio of 9.25, a PEG ratio of 1.04 and a beta of 0.75. The business has a 50 day moving average price of $45.52 and a 200 day moving average price of $42.89. The company has a quick ratio of 0.82, a current 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 posted its earnings results 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). Grupo Financiero Banorte SAB de CV had a return on equity of 21.67% and a net margin of 13.01%.The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $40.02 billion. As a group, sell-side analysts expect that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current year.

Grupo Financiero Banorte SAB de CV Company Profile

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.