Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Sets New 52-Week High – Here’s Why

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $14.96 and last traded at $14.52, with a volume of 28028 shares. The stock had previously closed at $14.47.

Industrial and Commercial Bank of China Stock Performance

The business has a fifty day simple moving average of $13.86 and a two-hundred day simple moving average of $13.39. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $258.75 billion, a PE ratio of 5.32 and a beta of 0.12.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last issued its quarterly earnings data on Friday, March 28th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). The business had revenue of $25.31 billion for the quarter, compared to analysts’ expectations of $199.75 billion. Industrial and Commercial Bank of China had a net margin of 23.22% and a return on equity of 9.37%.

Industrial and Commercial Bank of China Company Profile

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.