Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Shares Pass Below 50 Day Moving Average – Here’s Why

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $48.17 and traded as low as $46.84. Grupo Financiero Banorte SAB de CV shares last traded at $47.16, with a volume of 21,318 shares.

Grupo Financiero Banorte SAB de CV Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a fifty day simple moving average of $48.17 and a two-hundred day simple moving average of $46.01. The firm has a market capitalization of $26.53 billion, a P/E ratio of 9.02, a P/E/G ratio of 1.00 and a beta of 0.86.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.18). Grupo Financiero Banorte SAB de CV had a return on equity of 22.33% and a net margin of 12.92%. On average, research analysts predict that Grupo Financiero Banorte SAB de CV will post 4.84 EPS 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.