Grupo Financiero Banorte (OTCMKTS:GBOOY) Hits New 12-Month Low – Time to Sell?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $30.00 and last traded at $35.54, with a volume of 59024 shares. The stock had previously closed at $34.40.

Grupo Financiero Banorte Price Performance

The firm’s 50 day moving average price is $35.65 and its 200-day moving average price is $37.48.

Grupo Financiero Banorte Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.8627 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Grupo Financiero Banorte 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.