Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sees Large Volume Increase – Should You Buy?

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) shares saw unusually-strong trading volume on Monday . Approximately 115,296 shares changed hands during mid-day trading, an increase of 106% from the previous session’s volume of 55,872 shares.The stock last traded at $54.91 and had previously closed at $55.19.

Grupo Financiero Banorte SAB de CV Price Performance

The company’s 50 day moving average is $54.40 and its 200 day moving average is $55.30. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $30.98 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.22 and a beta of 0.70.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.25%. Research analysts anticipate that Grupo Financiero Banorte SAB de CV will post 6.46 EPS for the current fiscal year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.