Grupo Financiero Banorte (OTCMKTS:GBOOY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOYGet Free Report)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $34.40 and traded as low as $33.43. Grupo Financiero Banorte shares last traded at $34.37, with a volume of 30,165 shares changing hands.

Grupo Financiero Banorte Price Performance

The firm has a 50-day moving average price of $34.40 and a 200-day moving average price of $36.44.

Grupo Financiero Banorte Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8627 dividend. The ex-dividend date was Monday, December 23rd.

Grupo Financiero Banorte Company Profile

(Get Free Report)

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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