Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Shares Up 0.4% – Should You Buy?

Shares of Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) rose 0.4% on Friday . The company traded as high as $14.00 and last traded at $14.00. Approximately 20,587 shares were traded during trading, a decline of 57% from the average daily volume of 48,328 shares. The stock had previously closed at $13.94.

Industrial and Commercial Bank of China Stock Up 0.4 %

The firm has a market cap of $249.48 billion, a PE ratio of 5.13 and a beta of 0.12. The stock has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $13.22. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92.

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) last posted its quarterly earnings results 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). Industrial and Commercial Bank of China had a return on equity of 9.37% and a net margin of 23.22%. The company had revenue of $25.31 billion during the quarter, compared to analysts’ expectations of $199.75 billion.

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.