Grupo Financiero Banorte (OTCMKTS:GBOOY) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOY - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $34.45 and traded as low as $34.40. Grupo Financiero Banorte shares last traded at $36.02, with a volume of 46,171 shares trading hands.

Grupo Financiero Banorte Stock Performance

The firm's 50-day moving average is $34.63 and its 200-day moving average is $35.55.

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 given a $0.8627 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Grupo Financiero Banorte

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.