Standard Chartered (OTCMKTS:SCBFF) Trading Up 8.8%

Standard Chartered PLC (OTCMKTS:SCBFF) shot up 8.8% on Wednesday . The stock traded as high as $8.50 and last traded at $8.50. 3,280 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 53,272 shares. The stock had previously closed at $7.81.

Standard Chartered Stock Performance

The firm has a market capitalization of $22.64 billion, a price-to-earnings ratio of 8.01 and a beta of 0.82. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $8.24 and a 200-day moving average price of $8.10.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). Standard Chartered had a net margin of 9.26% and a return on equity of 7.95%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.32 billion. As a group, equities research analysts forecast that Standard Chartered PLC will post 1.56 earnings per share for the current year.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.