Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) Sets New 1-Year High – Here’s What Happened

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.42 and last traded at $16.33, with a volume of 44644 shares. The stock had previously closed at $16.31.

Industrial & Commercial Bank of China Ltd. Stock Up 0.1%

The business’s fifty day moving average price is $14.55 and its 200 day moving average price is $13.87. The firm has a market capitalization of $291.01 billion, a price-to-earnings ratio of 6.07 and a beta of 0.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.70.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) last issued its quarterly earnings data on Friday, March 28th. The company reported $0.72 earnings per share (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 & Commercial Bank of China Ltd. had a return on equity of 9.12% and a net margin of 23.38%.

About Industrial & Commercial Bank of China Ltd.

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.