Industrial and Commercial Bank of China (OTCMKTS:IDCBY) Trading 0.4% Higher – Here’s What Happened

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) was up 0.4% during mid-day trading on Friday . The company traded as high as $14.00 and last traded at $14.00. Approximately 20,587 shares traded hands 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 Performance

The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.92 and a current ratio of 0.92. The business’s fifty day moving average price is $13.88 and its 200-day moving average price is $13.22. The stock has a market cap of $249.48 billion, a PE ratio of 5.13 and a beta of 0.12.

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

About Industrial and Commercial Bank of China

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.